Nevada 2023 Regular Session Status: Enacted

SB 437 — Revises provisions governing accountants. (BDR 54-1079)

Last action — Approved by the Governor. Chapter 61.

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed Senate
  4. ✓
    Passed Assembly
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced March 27, 2023. Enacted.

Signed by Governor Joe Lombardo (Republican) on May 29, 2023.

Prognosis

Advancing 50% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

717 added · 774 removed

717 line(s) added, 774 removed.

→
Previous
Latest
(Reprinted with amendments adopted on April 24, 2023) FIRST REPRINT S.B.
Senate Bill No.
437 S ENATE B ILLN O.
437–Committee on Commerce and Labor CHAPTER..........
437–C OMMITTEE ON C OMMERCE AND L ABOR (O NB EHALF OF THE OFFICE OF FINANCE IN THE OFFICE OF THE G OVERNOR ) M ARCH 27, 2023 ____________ Referred to Committee on Commerce and Labor SUMMARY—Revises provisions governing accountants.
(BDR 54-1079) FISCAL NOTE:
Effect on Local Government:
No.
Effect on the State:
Yes.
~ EXPLANATION – Matter in bolded italics is new;
matter between brackets [omitted material] is material to be omitted.
(NRS 628.200) Section 2 of this bill replaces the requirement to obtain 2 years of work experience with a requirement to complete not less than removes the authority of the Board to adopt regulations providing for substituteso programs of continuing education to satisfy the requirements for work experience.
(NRS 628.200) Section 2 of this bill replaces the requirement to obtain 2 years of work experience with a requirement to complete not less than 2,000 hours of work experience in a period of not less than 1 year.
Existing law provides that a candidate for a certificate of certified public accountant who meets certain educational requirements is eligible to take the examination for the certificate before completing the requirements for work experience if the candidate is without any history of acts involving dishonesty or - *SB437_R1* – 2 – moral turpitude.
Section 2 also removes the authority of the Board to adopt regulations providing for substitute programs of continuing education to satisfy the requirements for work experience.
accountant who meets certain educational requirements is eligible to take thelic examination for the certificate before completing the requirements for work experience if the candidate is without any history of acts involving dishonesty or moral turpitude.
for a certificate take an examination if the applicant satisfies certain requirements, including having experience in the practice of public accountancy either as a certified public accountant or as a staff accountant under certain circumstances.
Existing law authorizes the Board to waive the requirement that an applicant including having experience in the practice of public accountancy either as airements, certified public accountant or as a staff accountant under certain circumstances.
holds a valid license as a certified public accountant in another state.
Existing law grants practice privileges in this State to a natural person who holds a valid license as a certified public accountant in another state.
Such a natural person is not required to obtain a certificate of certified public accountant or a permit to engage in the practice of public accounting from the Board but is required to consent to certain specified conditions, including consent to the disciplinary authority of the Board.
Such a natural person is not required to obtain a certificate of certified public accountant or a to consent to certain specified conditions, including consent to the disciplinaryred authority of the Board.
(NRS 628.315) Section 6 of this bill extends the authority of the Board to grant such practice privileges to a certified public accounting firm organized as a partnership, corporation or limited-liability company or a sole Such a certified public accounting firm is not required to register with the Boarde.
(NRS 628.315) Section 6 of this bill extends the authority of the Board to grant such practice privileges to a certified public accounting firm organized as a partnership, corporation or limited-liability company or a sole - 82nd Session (2023) – 2 – proprietorship which holds a valid registration in good standing from another state.
but is required to consent to the same conditions as natural persons, such as consent to the disciplinary authority of the Board.
Such a certified public accounting firm is not required to register with the Board to the disciplinary authority of the Board.
Sections 1 and 8-20 of this bill make conforming changes to account for the Board’s authority to grant practice privileges to those entities.
Sections 1 and 8-20 of this bill makesent conforming changes to account for the Board’s authority to grant practice privileges to those entities.
Sections 8-10 of this bill also require those entities which are organized as a partnership, corporation or limited-liability company to maintain an offSection 7 of this bill exempts certain entities whose sole business is preparing tax returns and related schedules from the requirement of registration.
Sections 8-10 of this bill also require those entities which are organized as a partnership, corporation or limited-liability company to maintain an office in this State.
Section 21 of this bill repeals the definition of “home office” which is rendered obsolete by the changes made by sections 6 and 7.
tax returns and related schedules from the requirement of registration.is preparing Section 21 of this bill repeals the definition of “home office” which is rendered obsolete by the changes made by sections 6 and 7.
THE PEOPLE OF THE STATE OF NEVADA, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:
EXPLANATION – Matter in bolded italics is new;
Section 1.
matter between brackets [omitted material] is material to be omitted.
THE SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS:D IN Section 1.
- *SB437_R1* – 3 – (a) At least 150 semester hours or an equivalent number of quarter hours;
(a) At least 150 semester hours or an equivalent number of quarter hours;
(a) [Two years] Not less than 2,000 hours accumulated over a period of not less than 1 year of public accounting experience in a partnership, corporation, limited-liabilitycompany or sole proprietorship engaged in the practice of public accounting under the direct supervision of a person who is a certified public accountant;
- 82nd Session (2023) – 3 – (a) [Two years] Not less than 2,000 hours accumulated over a period of not less than 1 year of public accounting experience in a partnership, corporation, limited-liability company or sole proprietorship engaged in the practice of public accounting under accountant;
or (b) Other work experience under the direct supervision of a person engaged in active practice as a certified public accountant, of a character and for a length of time sufficient in the opinion of the Board to be substantially equivalent to the requirements of paragraph (a).
orervision of a person who is a certified public (b) Other work experience under the direct supervision of a person engaged in active practice as a certified public accountant, of a character and for a length of time sufficient in the opinion of the Board to be substantially equivalent to the requirements of paragraph (a).
Notwithstanding any provision of this section to the contrary, an applicant for a certificate of certified public accountant who has received conditional credit pursuant to NRS 628.260 for passing a section of the examination required for a certificate, and who applies that credit to subsequent passage of the examination, is subject to the educational requirements to receive a certificate that were in effect on the date on which the applicant passed all sections of the examination.
Notwithstanding any provision of this section to the contrary, an applicant for a certificate of certified public accountant who has received conditional credit pursuant to NRS 628.260 for who applies that credit to subsequent passage of the examination, is subject to the educational requirements to receive a certificate that were in effect on the date on which the applicant passed all sections of the examination.
- *SB437_R1* – 4 – Sec.
Sec.
The Board [shall] may charge each candidate for a certificate of certified public accountant a fee, to be determined by the Board by regulation, for the examination prescribed by the Board.
The Board [shall] may charge each candidate for a certificate of certified public accountant a fee, to be determined by - 82nd Session (2023) – 4 – Board.ard by regulation, for the examination prescribed by the 2.
2.
(a) The person has passed an examination that is substantially the same as the examination conducted pursuant to NRS 628.230 with a grade that would have been a passing grade in this State on the date on which the person received his or her original certificate;
(a) The person has passed an examination that is substantially the same as the examination conducted pursuant to NRS 628.230 with a grade that would have been a passing grade in this State on the(b) The person has experience in the practice of publiccertificate;
(b) The person has experience in the practice of public accountancy, [either as a certified public accountant or as a staff accountant employed by a partnership, corporation, limited-liability company or sole proprietorship engaged in the practice of public accounting and working under the direct supervision of a person who is a certified public accountant,] private industry or the federal, state or local government, while holding a certificate as a certified public accountant for more than 4 of the 10 years immediately preceding his or her making application pursuant to this chapter;
accountancy, [either as a certified public accountant or as a staff accountant employed by a partnership, corporation, limited-liability company or sole proprietorship engaged in the practice of public accounting and working under the direct supervision of a person who is a certified public accountant,] private industry or the federal, state or local government, while holding a certificate as a certified public accountant for more than 4 of the 10 years immediately preceding his or her making application pursuant to this chapter;
The Board may issue a certificate as a certified public accountant to any person who is the holder of an equivalent certificate then in effect issued by a foreign country if:
The Board may issue a certificate as a certified public certificate then in effect issued by a foreign country if:t (a) Persons who are certified as public accountants in this State are granted similar privileges by the foreign country in which the applicant is certified;
- *SB437_R1* – 5 – (a) Persons who are certified as public accountants in this State are granted similar privileges by the foreign country in which the applicant is certified;
and (3) Authorizes the applicant to issue reports upon financial statements;
and - 82nd Session (2023) – 5 – statements;uthorizes the applicant to issue reports upon financial (c) The requirements for education and examination of the regulatory authority of the foreign country were substantially equivalent to the requirements for education and examination of this State on the date on which the applicant received his or her certificate;
(c) The requirements for education and examination of the regulatory authority of the foreign country were substantially equivalent to the requirements for education and examination of this State on the date on which the applicant received his or her certificate;
(e) The applicant has passed a written examination on national standards for public accounting and ethics that is acceptable to the Board;
(e) The applicant has passed a written examination on national Board;
and (f) The applicant submits with the application a list of all jurisdictions in which he or she has applied for and received a certificate to practice public accounting.
andfor public accounting and ethics that is acceptable to the (f) The applicant submits with the application a list of all jurisdictions in which he or she has applied for and received a certificate to practice public accounting.
Sec.
628.315 1.NRS 6Except as otherwise provided in this chapter, a natural person who holds a valid license in good standing as a certified public accountant or a certified public accounting firm organized as a partnership, corporation, limited-liability company or sole proprietorship that holds a valid registration in good standing from any state other than this State shall be deemed to be a certified public accountant or a certified public accounting firm for all purposes under the laws of this State other than this chapter.
Show all 117 changed rows (77 more)
Previous
Latest
6.
- 82nd Session (2023) – 6 – 2.
NRS 628.315 is hereby amended to read as follows:
628.315 1.
Except as otherwise provided in this chapter, a natural person who holds a valid license in good standing as a certified public accountant or a certified public accounting firm - *SB437_R1* – 6 – organized as a partnership, corporation, limited-liability company or sole proprietorship that holds a valid registration in good standing from any state other than this State shall be deemed to be a certified public accountant or a certified public accounting firm for all purposes under the laws of this State other than this chapter.
2.
[or] (b) A permit pursuant to NRS 628.380 [.] ;
[or] (c) A registration pursuant to NRS 628.335.or 3.
or (c) A registration pursuant to NRS 628.335.
3.
(d) To the appointment of the state board that issued the license as the agent upon whom process may be served in any investigation, action or proceeding by the Board relating to [the] :
as the agent upon whom process may be served in any investigation,se action or proceeding by the Board relating to [the] :
- *SB437_R1* – 7 – Sec.
Sec.
The Board shall grant or renew registration to a partnership, corporation, limited-liabilitycompany or sole proprietorship that demonstrates its qualifications therefor in accordance with this chapter.
The Board shall grant or renew registration to a partnership, corporation, limited-liability company or sole - 82nd Session (2023) – 7 – accordance with this chapter.tes its qualifications therefor in 2.
2.
(b) May practice public accounting, may perform compilation services or other professional services within the practice of public accounting other than attest services for a client having his or her home office in this State, may be] required to register pursuant to this section if:
services or other professional services within the practice of public accounting other than attest services for a client having his or her home office in this State, may be] required to register pursuant to this section if:
(2) The partnership, corporation, limited-liability company or sole proprietorship complies with the provisions of subsection 5 of NRS 628.325, if applicable;
sole proprietorship complies with the provisions of subsection 5 ofor NRS 628.325, if applicable;
and - *SB437_R1* – 8 – (4) The partnership, corporation, limited-liability company or sole proprietorship can lawfully perform such services in the state where the natural person described in subparagraph (3) has his or her principal place of business.
and - 82nd Session (2023) – 8 – sole proprietorship can lawfully perform such services in the stater where the natural person described in subparagraph (3) has his or her principal place of business.
A partnership required or otherwise seeking to register with the Board pursuant to NRS 628.335 must meet the following requirements:
A partnership required or otherwise seeking to register with the Board pursuant to NRS 628.335 must meet the fol(a) At least one general partner must be [either] a certified public accountant of this State in good standing .
(a) At least one general partner must be [either] a certified public accountant of this State in good standing .
[or, if the partnership is required to register pursuant to paragraph (a) of subsection 3 of NRS 628.335, a natural person granted practice privileges pursuant to NRS 628.315.] (d) Each partner who is regularly engaged in the practice of public accounting within the United States must be a certified public accountant in good standing of some state or jurisdiction of the United States.
[or, if the partnership is required to register pursuant to paragraph (a) of privileges pursuant to NRS 628.315.]al person granted practice (d) Each partner who is regularly engaged in the practice of public accounting within the United States must be a certified public accountant in good standing of some state or jurisdiction of the United States.
[or a natural person granted practice privileges pursuant to NRS 628.315.] (f) The partnership maintains an office in this State.
[or a natural person granted practice privileges pursuant to NRS 628.315.] - 82nd Session (2023) – 9 – (g) A corporation or limited-liability company which is registered pursuant to NRS 628.343 or 628.345 may be a partner, and a partnership which is registered pursuant to this section may be a general partner, in a partnership engaged in the practice of public accounting.
- *SB437_R1* – 9 – (g) A corporation or limited-liability company which is registered pursuant to NRS 628.343 or 628.345 may be a partner, and a partnership which is registered pursuant to this section may be a general partner, in a partnership engaged in the practice of public accounting.
Notice must be given to the Board within 1 month after the admission to or withdrawal of a partner from any partnership so registered.
Notice must be given to the Board within 1 month partnership so registered.withdrawal of a partner from any Sec.
Sec.
(c) At least one shareholder of the corporation must be [either] a certified public accountant of this State in good standing .
(c) At least one shareholder of the corporation must be [either] a corporation is required to register pursuant to paragraph (a) of, if the subsection 3 of NRS 628.335, a natural person granted practice privileges pursuant to NRS 628.315.] (d) Each manager in charge of an office of the corporation in this State and each shareholder or director who is regularly and personally engaged within this State in the practice of public accounting must be [either] a certified public accountant of this State in good standing .
[or, if the corporation is required to register pursuant to paragraph (a) of subsection 3 of NRS 628.335, a natural person granted practice privileges pursuant to NRS 628.315.] (d) Each manager in charge of an office of the corporation in this State and each shareholder or director who is regularly and personally engaged within this State in the practice of public accounting must be [either] a certified public accountant of this State in good standing .
[or, if the corporation is required to register - 82nd Session (2023) – 10 – person granted practice privileges pursuant to NRS 628.315.]natural (e) In order to facilitate compliance with the provisions of this section relating to the ownership of stock, there must be a written agreement binding the shareholders or the corporation to purchase any shares offered for sale by, or not under the ownership or effective control of, a qualified shareholder.
[or, if the corporation is required to register pursuant to paragraph (a) of subsection 3 of NRS 628.335, a natural person granted practice privileges pursuant to NRS 628.315.] (e) In order to facilitate compliance with the provisions of this section relating to the ownership of stock, there must be a written - *SB437_R1* – 10 – agreement binding the shareholders or the corporation to purchase any shares offered for sale by, or not under the ownership or effective control of, a qualified shareholder.
[or, if the corporation is required to register pursuant to paragraph (a) of subsection 3 of NRS 628.335, a natural person granted practice privileges pursuant to NRS 628.315.] The Board shall determine whether the applicant is eligible for registration and may charge an initial fee and an annual renewal fee set by the Board by regulation.
[or, if the corporation is required to register pursuant to paragraph (a) of subsection 3 of NRS NRS 628.315.] The Board shall determine whether the applicant iso eligible for registration and may charge an initial fee and an annual renewal fee set by the Board by regulation.
(a) The sole purpose and business of the limited-liability company must be to furnish to the public services not inconsistent with this chapter or the regulations of the Board, except that the limited-liability company may invest its money in a manner not incompatible with the practice of public accounting.
(a) The sole purpose and business of the limited-liability company must be to furnish to the public services not inconsistent with this chapter or the regulations of the Board, except that the incompatible with the practice of public accounting.manner not (b) The manager, if any, of the limited-liability company must be a certified public accountant of [some state] this State in good standing.
(b) The manager, if any, of the limited-liability company must be a certified public accountant of [some state] this State in good standing.
[or, if the limited-liability company is required to register pursuant to paragraph (a) of subsection 3 of NRS 628.335, a natural person granted practice privileges pursuant to NRS 628.315.] (d) Each person in charge of an office of the limited-liability company in this State and each member who is regularly and personally engaged within this State in the practice of public accounting must be [either] a certified public accountant of this State in good standing .
[or, if the limited-liability company is required to register pursuant to paragraph (a) of subsection 3 of NRS 628.335, a natural person granted practice privileges pursuant to NRS 628.315.] - 82nd Session (2023) – 11 – company in this State and each member who is regularly andiability personally engaged within this State in the practice of public accounting must be [either] a certified public accountant of this State in good standing .
[or, if the limited-liability company is required to register pursuant to paragraph (a) of subsection 3 of - *SB437_R1* – 11 – NRS 628.335, a natural person granted practice privileges pursuant to NRS 628.315.] (e) In order to facilitate compliance with the provisions of this section relating to the ownership of interests, there must be a written agreement binding the members or the limited-liability company to purchase any interest offered for sale by, or not under the ownership or effective control of, a qualified member.
[or, if the limited-liability company is required to register pursuant to paragraph (a) of subsection 3 of NRS 628.335, a natural person granted practice privileges pursuant to NRS 628.315.] (e) In order to facilitate compliance with the provisions of this section relating to the ownership of interests, there must be a written agreement binding the members or the limited-liability company to purchase any interest offered for sale by, or not under the ownership or effective control of, a qualified member.
(g) The limited-liability company shall comply with other regulations pertaining to limited-liability companies practicing public accounting in this State adopted by the Board.
(g) The limited-liability company shall comply with other regulations pertaining to limited-liability companies practicing pub2.c aApplication for registration must be made upon the affidavit of the manager or a member of the limited-liability company.
2.
Application for registration must be made upon the affidavit of the manager or a member of the limited-liability company.
Notice must be given to the Board within 1 month after the admission to or withdrawal of a member from any limited-liability company so registered.
Notice must be given to the Board within month after the admission to or withdrawal of a member from any limited-liability company so registered.
628.390 1.
Board may revoke, or may suspend for a period of not more than 5the years, any certificate issued under NRS 628.190 to 628.310, inclusive, any practice privileges granted pursuant to NRS 628.315 [or 628.335] or any registration of a partnership, corporation, limited-liability company, sole proprietorship or office, or may revoke, suspend or refuse to renew any permit issued under NRS 628.380, or may publicly censure the holder of any permit, certificate or registration or any natural person or certified public - 82nd Session (2023) – 12 – 628.315, for any one or any combination of the following causes:
After giving notice and conducting a hearing, the Board may revoke, or may suspend for a period of not more than 5 years, any certificate issued under NRS 628.190 to 628.310, inclusive, any practice privileges granted pursuant to NRS 628.315 [or 628.335] or any registration of a partnership, corporation, limited-liability company, sole proprietorship or office, or may revoke, suspend or refuse to renew any permit issued under NRS 628.380, or may publicly censure the holder of any permit, certificate or registration or any natural person or certified public accounting firm granted practice privileges pursuant to NRS 628.315, for any one or any combination of the following causes:
- *SB437_R1* – 12 – (d) Violation of a regulation or rule of professional conduct adopted by the Board under the authority granted by this chapter.
(d) Violation of a regulation or rule of professional conduct adopted by the Board under the authority granted by this chapter.
(g) Cancellation, revocation, suspension, placing on probation or refusal to renew authority to practice as a certified public accountant by any other state, for any cause .
refusal to renew authority to practice as a certified public accountant by any other state, for any cause .
(j) Conduct discreditable to the profession of public accounting or which reflects adversely upon the fitness of the person to engage in the practice of public accounting.
or which reflects adversely upon the fitness of the person to engage in the practice of public accounting.
After giving notice and conducting a hearing, the Board may deny an application to take the examination prescribed by the Board pursuant to NRS 628.190, deny a person admission to such an examination, invalidate a grade received for such an examination or deny an application for a certificate issued pursuant to NRS 628.190 to 628.310, inclusive, to a person who has:
After giving notice and conducting a hearing, the Board may deny an application to take the examination prescribed by the Board pursuant to NRS 628.190, deny a person admission to such an - 82nd Session (2023) – 13 – examination, invalidate a grade received for such an examination or deny an application for a certificate issued pursuant to NRS 628.190 to 628.310, inclusive, to a person who has:
(a) Made any false or fraudulent statement, or any misleading statement or omission relating to a material fact in an application:
(a) Made any false or fraudulent statement, or any misleading statem(1) To take the examination prescribed by the Board pursuantn:
(1) To take the examination prescribed by the Board pursuant to NRS 628.190;
to NRS 628.190;
- *SB437_R1* – 13 – (b) Cheated on an examination prescribed by the Board pursuant to NRS 628.190 or any such examination taken in another state or jurisdiction of the United States;
(b) Cheated on an examination prescribed by the Board pursuant to NRS 628.190 or any such examination taken in another state or jurisdiction of the United States;
628.430 All statements, records, schedules, working papers and memoranda made by a certified public accountant or a natural person or certified public accounting firm granted practice privileges pursuant to NRS 628.315 incident to or in the course of professional service to clients by the accountant, except reports submitted by a certified public accountant or a natural person or certified public accounting firm granted practice privileges pursuant to NRS 628.315 to a client, are the property of the accountant, in the absence of an express agreement between the accountant and the client to the contrary.
628.430 All statements, records, schedules, working papers person or certified public accounting firm granted practicetural privileges pursuant to NRS 628.315 incident to or in the course of professional service to clients by the accountant, except reports submitted by a certified public accountant or a natural person or certified public accounting firm granted practice privileges pursuant to NRS 628.315 to a client, are the property of the accountant, in the absence of an express agreement between the accountant and the client to the contrary.
Sec.
- 82nd Session (2023) – 14 – Sec.
2.
professional standards for accounting and documentation related to an attestation applicable to particular engagements, a practitioner shall retain all documentation related to an attestation for not less than 5 years after the date of the report containing the attestation.
Except as otherwise provided in this section and in all professional standards for accounting and documentation related to an attestation applicable to particular engagements, a practitioner shall retain all documentation related to an attestation for not less than 5 years after the date of the report containing the attestation.
Documentation related to an attestation that, at the end of the retention period set forth in subsections 1 and 2, is a part of or subject to a pending investigation of, or disciplinary action against, a practitioner must be retained and must not be destroyed until the - *SB437_R1* – 14 – practitioner has been notified in writing that the investigation or disciplinary action has been closed or concluded.
Documentation related to an attestation that, at the end of the retention period set forth in subsections 1 and 2, is a part of or subject to a pending investigation of, or disciplinary action against, a practitioner must be retained and must not be destroyed until the practitioner has been notified in writing that the investigation or disciplinary action has been closed or concluded.
(b) “Practitioner” means:
(b) (1) A holder of a certificate issued pursuant to NRS 628.190 to 628.310, inclusive, or a permit issued pursuant to NRS 628.380;
(1) A holder of a certificate issued pursuant to NRS 628.190 to 628.310, inclusive, or a permit issued pursuant to NRS 628.380;
1.
- 82nd Session (2023) – 15 – 1.
Registered as a partnership, corporation, limited-liability company or sole proprietorship of certified public accountants and all offices of the partnership, corporation, limited-liability company or sole proprietorship in this State for the practice of public accounting are maintained and registered as required under NRS 628.370;
Registered as a partnership, corporation, limited-liability company or sole proprietorship of certified public accountants and all offices of the partnership, corporation, limited-liability company or sole proprietorship in this State for the practice of public 628.370;
or 2.
orare maintained and registered as required under NRS 2.
628.480 A partnership, corporation, limited-liability company or sole proprietorship shall not assume or use the title or designation “public accountant” or any other title, designation, words, letters, abbreviation, sign, card or device tending to indicate that the partnership, corporation, limited-liabilitycompany or sole - *SB437_R1* – 15 – proprietorship is composed of public accountants unless the partnership, corporation, limited-liabilitycompany or sole proprietorship is:
628.480 A partnership, corporation, limited-liability company or sole proprietorship shall not assume or use the title or designation “public accountant” or any other title, designation, words, letters, abbreviation, sign, card or device tending to indicate that the partnership, corporation, limited-liability company or sole proprietorship is composed of public accountants unless the partnership, corporation, limited-liability company or sole proprietorship is:
Sec.
628.490 1.RS 62Except as otherwise provided in subsection 2 and NRS 628.450 to 628.480, inclusive, a person, partnership, corporation, limited-liability company or sole proprietorship shall not assume or use the title or designation “certified accountant,” or any other title or designation likely to be confused with “certified public accountant” or “public accountant,” or any of the abbreviations “C.A.” or “P.A.” or similar abbreviations likely to be confused with “C.P.A.” 2.
16.
NRS 628.490 is hereby amended to read as follows:
628.490 1.
Except as otherwise provided in subsection 2 and NRS 628.450 to 628.480, inclusive, a person, partnership, corporation, limited-liability company or sole proprietorship shall not assume or use the title or designation “certified accountant,” or any other title or designation likely to be confused with “certified public accountant” or “public accountant,” or any of the abbreviations “C.A.” or “P.A.” or similar abbreviations likely to be confused with “C.P.A.” 2.
or (b) Has been granted practice privileges pursuant to NRS 628.315 , [;
or - 82nd Session (2023) – 16 – (b) Has been granted practice privileges pursuant to NRS 628.315 , [;
or (c) Is performing services within the practice of public accounting pursuant to the provisions of subsection 3 of NRS 628.335,] may hold himself or herself out to the public as an “accountant,” “auditor” or “certified public accountant.” Sec.
or (c) Is performing services within the practice of public accounting pursuant to the provisions of subsection 3 of may hold himself or herself out to the public as an “accountant,” “auditor” or “certified public accountant.” Sec.
Except as otherwise provided in subsection 2, a person shall not sign or affix his or her name or the name of a partnership, corporation, limited-liabilitycompany or sole proprietorship, or any trade or assumed name used by the person or by the partnership, corporation, limited-liability company or sole proprietorship in business, with any wording indicating that he or she is an accountant or auditor, or that the partnership, corporation, limited-liability company or sole proprietorship is authorized to practice as an accountant or auditor or with any wording indicating that the person or the partnership, corporation, limited-liability - *SB437_R1* – 16 – company or sole proprietorship has expert knowledge in accounting or auditing, to any accounting or financial statement, or attest to any accounting or financial statement, unless:
Except as otherwise provided in subsection 2, a person shall not sign or affix his or her name or the name of a partnership, corporation, limited-liability company or sole proprietorship, or any trade or assumed name used by the person or by the partnership, corporation, limited-liability company or sole proprietorship in business, with any wording indicating that he or she is an accountant or auditor, or that the partnership, corporation, limited-liability company or sole proprietorship is authorized to practice as an accountant or auditor or with any wording indicating that the person or the partnership, corporation, limited-liability company or sole proprietorship has expert knowledge in accounting or auditing, to any accounting or financial statement, or attest to any accounting or financial statement, unless:
or (b) The person is a natural person or certified public accounting firm granted practice privileges pursuant to NRS 628.315 .
or (b) The person is a natural person or certified public accounting fir(c) The partnership, corporation, limited-liability company or sole proprietorship is performing services within the practice of public accounting pursuant to the provisions of subsection 3 of NRS 628.335.] 2.
[;
or (c) The partnership, corporation, limited-liability company or sole proprietorship is performing services within the practice of public accounting pursuant to the provisions of subsection 3 of NRS 628.335.] 2.
(1) The person who prepared the statement or issued the report does not hold a live permit issued by the Board;
- 82nd Session (2023) – 17 – (1) The person who prepared the statement or issued the report does not hold a live permit issued by the Board;
and (2) The statement or report does not purport to have been prepared in compliance with the professional standards of accounting adopted by the Board.
and (2) The statement or report does not purport to have been prepared in compliance with the professional standards of accSec.
Sec.
628.520 A person shall not sign or affix the name of a partnership, corporation, limited-liabilitycompany or sole proprietorship with any wording indicating that it is a partnership, corporation, limited-liability company or sole proprietorship composed of accountants or auditors or persons having expert knowledge or special expertise in accounting or auditing, to any accounting or financial statement, or attest to any accounting or financial statement, unless the partnership, corporation, limited- liability company or sole proprietorship is:
628.520 A person shall not sign or affix the name of a partnership, corporation, limited-liability company or sole proprietorship with any wording indicating that it is a partnership, corporation, limited-liability company or sole proprietorship composed of accountants or auditors or persons having expert knowledge or special expertise in accounting or auditing, to any accounting or financial statement, or attest to any accounting or financial statement, unless the partnership, corporation, limited- liability company or sole proprietorship is:
or - *SB437_R1* – 17 – 2.
or 2.
Except as otherwise provided in subsection 2, a person, partnership, corporation, limited-liability company or sole proprietorship shall not engage in the practice of public accounting or hold himself, herself or itself out to the public as an “accountant” or “auditor” by use of either or both of those words in connection with any other language which implies that such a person or firm holds a certificate, permit or registration or has special competence as an accountant or auditor on any sign, card, letterhead or in any advertisement or directory unless:
Except as otherwise provided in subsection 2, a person, partnership, corporation, limited-liability company or sole proprietorship shall not engage in the practice of public accounting or hold himself, herself or itself out to the public as an “accountant” or “auditor” by use of either or both of those words in connection holds a certificate, permit or registration or has special competence as an accountant or auditor on any sign, card, letterhead or in any advertisement or directory unless:
(b) Any act of a public official or public employee in the performance of his or her duties as such.
- 82nd Session (2023) – 18 – (b) Any act of a public official or public employee in the performance of his or her duties as such.
or (b) [Performing services within the practice of public accounting] Granted practice privileges pursuant to the provisions of [subsection 3 of] NRS [628.335.] 628.315.
or accounting] Granted practice privileges pursuant to the provisionsic of [subsection 3 of] NRS [628.335.] 628.315.
- *SB437_R1* – 18 – The names of past partners, shareholders or members may be included in the name of a firm or its successors.
The names of past partners, shareholders or members may be included in the name of a firm or its successors.
TEXT OF REPEALED SECTION 628.017 “Home office” defined.
~~~~~ 23 - 82nd Session (2023)
“Home office” means the location specified by a client of an accountant as the address of an entity for which the accountant practices public accounting, performs an attestation or compilation or performs other professional services within the practice of public accounting.
H - *SB437_R1*
⬇ Download PDF
View plain text versions (3)

Amendments

1 amendment

Click Show changes on an amendment above to see how it modifies the bill.

Action History

  1. Approved by the Governor. Chapter 61.

  2. Enrolled and delivered to Governor.

  3. In Senate. To enrollment.

  4. Read third time. Passed. Title approved. (Yeas: 41, Nays: None, Excused: 1.) To Senate.

  5. Taken from General File. Placed on General File for next legislative day.

  6. Taken from General File. Placed on General File for next legislative day.

  7. Read second time.

  8. From committee: Do pass.

  9. In Assembly. Read first time. Referred to Committee on Commerce and Labor. To committee.

  10. From printer. To engrossment. Engrossed. First reprint. Read third time. Passed, as amended. Title approved, as amended. (Yeas: 21, Nays: None.) To Assembly.

  11. From committee: Amend, and do pass as amended. Placed on Second Reading File. Read second time. Amended. (Amend. No. 520.) To printer.

  12. From printer. To committee.

  13. Read first time. Referred to Committee on Commerce and Labor. To printer.

Sponsors

  • Senate Committee on Commerce and Labor · Primary

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 66 not signed on

Sponsors (1)

  • Senate Committee on Commerce and Labor

Co-sponsors (0)

None.

Not signed on (66)

66 members have not signed on to this bill.

Show all 66 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

labor
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors SB 437?
SB 437 is sponsored by Senate Committee on Commerce and Labor.
What is the current status of SB 437?
This bill has been enacted into law. Introduced March 27, 2023. Enacted.
Where can I track SB 437?
Track SB 437 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on SB 437

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Find my representatives → Run a campaign

Stay ahead of SB 437

Last checked for changes 2 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →