Nevada CPA Experience Requirements [2022]

Nevada CPA Experience Requirements

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To meet the Nevada CPA experience requirements and become a CPA, 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.

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

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…

Ethics Examination

After passing the CPA exam, candidates will also need to take an ethics exam and obtain four continuing education hours 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 Exam Fees

Certain fees apply and are payable to the Nevada State Board of Accountancy.

There are two kinds of applicants:

  1. Initial Applicants. These are candidates who have never taken the CPA exam, previously taken the exam in another state but have not earned credits or those who’ve taken the exam in another state and wish to have their credits transferred to Nevada.
  2. Re-exam Applicants. These have previously sat for the CPA exam as a Nevada candidate.

Application Fees:

Initial Application Fee – $100

Re-exam Fee – $50

Additional testing fees are required by the National Association of State Boards of Accountancy (NASBA) based on the sections you are applying for in the CPA exam.

The exam consists of four sections and each is four hours long. The fees are:

Auditing and Attestation (AUD)$226.15
Business Environment and Concepts (BEC)$226.15
Financial Accounting and Reporting (FAR)$226.15
Regulation (REG)$226.15

Applicants will have to apply for the CPA exam through the Nevada State Board website. The board accepts Visa, MasterCard and American Express payments.

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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