673.483 - Audit of books and accounts.

673.483  Audit of books and accounts.

1.  Each association shall, at least once each year, cause its books and accounts to be audited at its own expense by a certified public accountant or firm of such accountants selected by the association and approved by the Commissioner.

2.  The Commissioner may prescribe the scope of the audit.

3.  A certified copy of the audit, including the management and internal control letters relating to the audit, must be furnished to the Commissioner.

(Added to NRS by 1963, 471; A 1977, 513; 1983, 1795; 1987, 1978)

NRS 673.4835  Independent audit and examination: Payment of assessment; cooperation.  Each association shall pay the assessment levied pursuant to NRS 658.055 and cooperate fully with the audits and examinations performed pursuant thereto.

(Added to NRS by 1987, 827)