Section 116B.310 - Preparation of financial statements and budgets; auditing of annual financial statements1. The financial statements of the hotel unit owner must be prepared in accordance with generally accepted accounting principles.2. Any budget for the hotel unit must be prepared on a full accrual basis.3. The annual financial statements of a hotel unit owner must be audited.Nev. Admin. Code § 116B.310
Added to NAC by Comm'n for Common-Interest Communities & Condo. Hotels by R186-07, eff. 5-5-2011