Statutes, codes, and regulations
Nevada Administrative Code
Chapter 116 - Common-Interest OwnershipMANAGEMENT OF COMMON-INTEREST COMMUNITIES
Unit-Owners' Associations
Section 116.410 - Adoption by reference of reporting principles and practices of financial accounting

Nev. Admin. Code § 116.410

Download
PDF
Current through February 27, 2024
Section 116.410 - Adoption by reference of reporting principles and practices of financial accounting

The standards and format to be followed in preparing and presenting the financial statements of an association must be in accordance with generally accepted accounting principles (GAAP) and as set forth in section 972 of the Accounting Standards Codification maintained by the Financial Accounting Standards Board.

Nev. Admin. Code § 116.410

Added to NAC by Comm'n for Common-Interest Communities by R129-04, eff. 4-14-2005; A by Comm'n for Common-Interest Communities & Condo. Hotels by R186-07, 5-5-2011; A by R129-21A, eff. 12/29/2022

NRS 116.615