Section 116B.240 - Review of financial statements; qualifications of person performing review1. The review of the financial statements of an association must be performed in accordance with the standards followed pursuant to NAC 116B.160. The financial statements must include a full presentation of accrual-basis accounting prepared pursuant to subsection 1 of NAC 116B.220. The supplementary information may be compiled or reviewed.2. The person performing the annual review for an association must:(a) Be a certified public accountant licensed pursuant to chapter 628 of NRS.(b) Be independent of the association as set forth in the standards followed pursuant to NAC 116B.160.Nev. Admin. Code § 116B.240
Added to NAC by Comm'n for Common-Interest Communities & Condo. Hotels by R186-07, eff. 5-5-2011; A by R129-21A, eff. 12/29/2022NRS 116B.580, 116B.585, 116B.805