Nevada CPA Exam Cost 2024: The 5 Critical Fees

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The Nevada CPA exam cost consists of five main fees: the initial examination application of $100, a re-examination fee which cost $50, $254.80 per CPA exam section totaling $1,019.20 for all four sections, the CPA license application fee of $240, and the renewal fee of $120 to $140.

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

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Table of Contents

Nevada CPA Exam Cost Breakdown

Initial Exam Application Fee	$100.00
Re-exam Fee	$50.00
Auditing and Attestation (AUD)	$254.80
Financial Accounting and Reporting (FAR)	$254.80
Regulation (REG)	$254.80
Disciplines (ISC, TCP, or BAR)	$254.80
Total for all 4 CPA Exam Sections	$1,019.20
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

Summary of Nevada CPA Requirements

Credit Hours to sit for the CPA Exam	120
Credit Hours in Upper-level Accounting course to sit for the CPA Exam	21
Credit Hours in Business Law to sit for the CPA Exam	3
Bachelor’s Required to sit for the CPA Exam	Yes
Credit Hours to receive a CPA License	150
Credit Hours in Upper-level Accounting course to sit for the CPA license	30
Credit Hours in Business course to sit for the CPA license	24
Moral Character Reference (3 Individuals)	Yes
Ethics Exam	Yes
Work Experience	1 – 4 Years
Required CPE Hours Every Two Years	80

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:

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).
Three semester credits or 4 quarter credits of Business Law.
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 Three Core Exam Sections

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.

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

The Three Disciplines

The three new disciplines in the 2024 CPA Exam, part of the CPA Evolution initiative, are designed to allow candidates to specialize in areas that align with their career interests and the demands of the modern business environment. Here’s a more detailed look at each discipline:

Business Analysis and Reporting (BAR)

Objective: This discipline focuses on higher-order skills needed in financial statement analysis, business reporting, and the strategic role of the CPA in business decision-making.

Key Topics:

Financial Statement Analysis: Understanding and interpreting financial statements to assess an entity’s financial health and performance.
Performance Management: Developing and using key performance indicators (KPIs) to measure, manage, and improve business performance.
Data Analytics and Visualization: Utilizing data analytics tools to analyze business data, and effectively presenting data to support business decisions.
Strategic Planning and Risk Management: Involvement in the strategic planning process and identifying, assessing, and managing business risks.
Business Processes and Controls: Understanding and evaluating business processes and internal controls to improve efficiency and effectiveness.

Information Systems and Controls (ISC)

Objective: This discipline is tailored for those interested in information technology, data security, and controls. It addresses the increasing role of technology in accounting and auditing.

Key Topics:

IT Governance and Risk: Understanding the frameworks for managing and governing enterprise IT; identifying and managing IT-related risks.
Information Security and Cybersecurity: Knowledge of cybersecurity principles, data protection laws, and the steps necessary to protect information assets.
System and Organization Controls (SOC) Reporting: Understanding the requirements for SOC reports and the role of CPAs in assessing controls at a service organization.
Data Management and Privacy: Managing data effectively and understanding privacy regulations.
Business Continuity and Disaster Recovery: Planning and strategies to ensure business operations can continue and recover from disruptive events.

Tax Compliance and Planning (TCP)

Objective: This discipline focuses on tax compliance, tax planning, and tax strategy, suitable for those who aim to specialize in taxation.

Key Topics:

Individual Tax Planning and Compliance: Understanding tax laws affecting individual taxpayers, including income, deductions, credits, and tax planning strategies.
Business Tax Planning and Compliance: Knowledge of tax considerations for different business entities, including corporations, partnerships, and S-corporations.
Estate, Gift, and Trust Taxation: Understanding the tax implications and planning strategies for estates, gifts, and trusts.
International Taxation: Knowledge of taxation issues related to cross-border transactions and multinational enterprises.
State and Local Taxation (SALT): Understanding the complexities of state and local tax laws and their impact on business and individual tax planning.

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.

Nevada CPA Ethics Exam Requirements

To meet the Nevada CPA ethics exam requirements, 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.

Candidates are also required to obtain four hours of ethics course continuing education during each rolling 2 year period.

The board does not require a specific ethics course. These can be taken through a live seminar or independent study. Offered courses can be found by visiting the Nevada State Board of Accountancy.

If you have not taken the ethics exam or the last one taken is over 3 years old, the exam may be ordered through the AICPA Professional Ethics for CPA’s (1-888-777-7077) or PES Ethics & Professional Conduct (1-800-990-2731).

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:

Nevada Examinee Original Certification – for individuals who passed the exam in Nevada and are not licensed.
Original Certification – for individuals who passed the exam in another state and are not licensed.
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:

Complete application in full which includes notarization.
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.
A recent 2″ x 2″ photo. Photocopies of photographs are not acceptable.