Nevada CPA Ethics Exam Requirements [2022]

Nevada CPA Ethics Exam Requirements

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Nevada CPA Ethics Exam Requirements

To meet the Nevada CPA ethics exam requirements and become a CPA, candidates are required to pass an examination in professional ethics taken within the past 3 years prior to the license application. The Nevada Board does not have any specific ethics course however, it is recommended to take the course and exam under “Professional Ethics: The AICPA’s Comprehensive Course (For Licensure)” which is administered by the American Institute of Certified Public Accountants (AICPA). The course is self-study and the exam should be passed with a score of 90% or higher.

This article will help you to become a CPA in Nevada and is a requirement for you to take the Nevada CPA exam.

Summary of Nevada CPA Requirements

Credit Hours to sit for the CPA Exam120
Credit Hours in Upper-level Accounting course to sit for the CPA Exam21
Credit Hours in Business Law to sit for the CPA Exam3
Bachelor’s Required to sit for the CPA ExamYes
Credit Hours to receive a CPA License150
Credit Hours in Upper-level Accounting course to sit for the CPA license30
Credit Hours in Business course to sit for the CPA license24
Moral Character Reference (3 Individuals)Yes
Ethics ExamYes
Work Experience1 – 4 Years
Required CPE Hours Every Two Years80

Education Requirements

To meet the Nevada CPA education requirements, applicants must have a bachelor’s degree that includes 150 credits, and included in the 150 credits shall have to be 30 semester credits in accounting courses above the introductory level, 3-semester credits of business law and 24-semester credits in business at the undergraduate or graduate level where the courses must be in areas other than accounting.

For the CPA Exam:

If you do not have an Accounting Major you will need to provide evidence of completion of the following courses:

  • 21 semester credits in Accounting courses above the introductory level. Subjects to be covered include:
    • Financial Accounting (Intermediate I, II, III or advanced): 9 Credits
    • Cost Accounting: 3 Credits
    • Auditing: 3 Credits
    • Federal Income Tax: 3 Credits
    • Business Law: 3 Credits

For Licensing:

As a general standard, the Nevada State Board of Accountancy requires candidates to complete a Bachelor’s Degree that includes 150 hours (credits) of education in order to sit for the CPA exam.

Along with the 150 semester hours, the candidates must include the following:

  1. Thirty semester credits or 45 quarter credits Accounting courses above the introductory level. Courses covering Financial Accounting (9 credits), Cost Accounting (3 credits), Auditing (3 credits), Federal Income Tax (3 credits) and Accounting Electives (12 credits).
  2. Three semester credits or 4 quarter credits of Business Law.
  3. Twenty-four-semester credits or 36 quarter credits in Business at the undergraduate or graduate level. Courses to be covered include:
  • Behavior of Organizations
  • Business Finance
  • Business Law
  • Computers
  • Data Processing
  • Economics
  • Ethics in Business
  • Management
  • Marketing
  • Oral Communication
  • Quantitative Applications in Business
  • Statistics
  • Communication
  • Legal & Social Environment

Foreign transcripts are accepted provided that it gives a detailed listing of each course indicating the U.S. equivalency of the semester hours in order to apply for the 15o hour requirement.

Credits earned by candidates outside the Nevada jurisdiction must arrange for the transfer of their grades. The grades will only be accepted provided the state has standards and requirements equivalent to the requirements of Nevada. An Authorization for Interstate Exchange of Information form will be required.

Transcript evaluations will be made by Board-approved foreign evaluation providers. All transcripts must be mailed directly from the university to the foreign evaluation service. The transcript evaluation must show a course-by-course breakdown.

Official transcripts can be sent electronically by the University or College to cpa@nvaccountancy.com or mailed to the address:

Nevada State Board of Accountancy
1325 Airmotive Way
Suite #220
Reno, NV 89502

Pass the Uniform CPA Examination

The “Uniform CPA Examination”, which is a 4-part exam, is developed by the AICPA – the American Institute of Certified Public Accountants and administered by NASBA – the National Association of State Boards of Accountancy.

The Four CPA Exam Sections are:

Auditing and Attestation (AUD)

The Auditing and Attestation (AUD) section of the Uniform CPA Examination (the Exam) tests the essential knowledge and skills a newly licensed CPA must demonstrate when performing audit engagements, attestation engagements or accounting and review service engagements.

Newly licensed CPAs are required to:

  • Demonstrate knowledge and skills related to professional responsibilities, including ethics, independence and professional skepticism. Professional skepticism reflects an iterative process that includes a questioning mind and a critical assessment of audit evidence.
  • Understand the entity including its operations, information systems (including the use of third-party systems) and its underlying business processes, risks and related internal controls.
  • Understand the flow of transactions and underlying data through a business process and its related information systems.

Business Environment and Concepts (BEC)

The Business Environment and Concepts (BEC) section of the Uniform CPA Examination (the Exam) tests knowledge and skills that a newly licensed CPA must demonstrate when performing:

  • Audit, attest, accounting and review services
  • Financial reporting
  • Tax preparation
  • Other professional services

The content areas tested under the BEC section of the Exam encompass five diverse subject areas. These content areas are enterprise risk management, internal controls and business processes, economics, financial management, information technology and operations management.

Financial Accounting and Reporting (FAR)

The Financial Accounting and Reporting (FAR) section of the Uniform CPA Examination (the Exam) assesses the knowledge and skills that a newly licensed CPA must demonstrate in the financial accounting and reporting frameworks used by business entities (public and nonpublic), not-for-profit entities and state and local government entities.

The financial accounting and reporting frameworks that are eligible for assessment within the FAR section of the Exam include the standards and regulations issued by the:

  • Financial Accounting Standards Board (FASB)
  • U.S. Securities and Exchange Commission (U.S. SEC)
  • American Institute of Certified Public Accountants (AICPA)
  • Governmental Accounting Standards Board (GASB)

Regulation (REG)

The Regulation (REG) section of the Uniform CPA Examination (the Exam) tests the knowledge and skills that a newly licensed CPA must demonstrate with respect to:

  • U.S. federal taxation
  • U.S. ethics and professional responsibilities related to tax practice
  • U.S. business law

Tips for Passing the CPA Exam

The CPA exam covers so many topics that you will need to study specifically for each section, usually for 6-8 weeks per section. Even a master’s degree in accounting doesn’t adequately prepare you to just walk in and pass the 4 CPA exams.

You will need a full review course such as Becker, Wiley CPA, Gleim, Roger, etc, and you will need to dedicate several hours a day over the course of months to even have a chance at getting passing scores.

How to Save Yourself MONTHS of Time and Frustration
Keep in mind that the CPA exam is the one part of getting your CPA license that you can control how long it takes. The education and experience requirements take as long as they take, but the CPA exams can take you as little as 6 months, or as long as multiple years… depending on how effective your study process is from the beginning.
Learn how to study strategically so you can save yourself tons of time and retake fees with this free training…

Nevada CPA Exam Cost Breakdown

The Nevada CPA exam cost consists of five main fees: the initial examination application of $100, the CPA exam registration which cost $50, $226.15 per CPA exam section totaling $905 for all four sections, the CPA license application fee of $240, and the renewal fee of $120 to $140.

Initial Exam Application Fee$100.00
Re-exam Fee$50.00
Auditing and Attestation (AUD)$226.15
Business Environment and Concepts (BEC)$226.15
Financial Accounting and Reporting (FAR)$226.15
Regulation (REG)$226.15
Total for all 4 CPA Exam Sections$905.00
CPA License Application Fee$240.00
CPA License Renewal Fee (Paid through Credit Card)$120.00
CPA License Renewal Fee (Paid through Check or Money Order)$140.00
CPA License Late Renewal Fee$100.00

Nevada CPA Experience Requirements

To meet the Nevada CPA experience requirements, candidates will need to comply with either of the following:

  • Two years of full-time employment performing any combination of the approved tasks in a partnership, corporation, LLC or sole proprietorship engaged in the practice of public accounting; or
  • Four years of full-time employment performing any combination of the approved tasks in a governmental or other industry position that is substantially equivalent to a position in the practice of public accounting; or
  • Any combination of public accounting or governmental/industry.

A list of approved and tasks not allowed experience will be found on the Nevada Board of Accountancy website.

All experience must be supervised by a person engaged in active practice as a certified public accountant who has the knowledge and has a higher level of responsibility of the subject tasks.

Applicants must complete and submit a form verifying the experience requirements to the board as proof. These must be signed by one or more CPAs who supervised the applicant’s work and can certify their character, extent and nature of work.

Licensing/Certification Requirements

There are 3 types of applications for certificates:

  1. Nevada Examinee Original Certification – for individuals who passed the exam in Nevada and are not licensed.
  2. Original Certification – for individuals who passed the exam in another state and are not licensed.
  3. Reciprocity – for individuals who are licensed in another state.Reciprocity is licensure based on the application of Nevada’s experience and education requirements at the time originally licensed. Even if you are licensed in another state, it does not guarantee licensure in Nevada. Contact the boards office for more information related to your situation.

The information below must be provided to complete your file prior to board consideration and approval:

  1. Complete application in full which includes notarization.
  2. Application Fee of $240. Checks should be made payable to the Nevada State Board of Accountancy. Credit cards are also accepted. Click here for the payment form.
  3. A recent 2″ x 2″ photo. Photocopies of photographs are not acceptable.

How to Save Yourself MONTHS of Time and Frustration
Keep in mind that the CPA exam is the one part of getting your CPA license that you can control how long it takes. The education and experience requirements take as long as they take, but the CPA exams can take you as little as 6 months, or as long as multiple years… depending on how effective your study process is from the beginning.
Learn how to study strategically so you can save yourself tons of time and retake fees with this free training…

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