NRS 116.31142
Preparation and presentation of financial statements.

1.

The Commission shall adopt regulations prescribing the requirements for the preparation and presentation of financial statements of an association pursuant to this chapter.

2.

The regulations adopted by the Commission must include, without limitation:

(a)

The qualifications necessary for a person to prepare and present financial statements of an association; and

(b)

The standards and format to be followed in preparing and presenting financial statements of an association.

Source: Section 116.31142 — Preparation and presentation of financial statements., https://www.leg.state.nv.us/NRS/NRS-116.html#NRS116Sec31142.

116.3111
Tort and contract liability. 116.3112
Conveyance or encumbrance of common elements. 116.3113
Insurance: General requirements. 116.3114
Surplus funds. 116.3115
Assessments for common expenses 116.31133
Insurance: Policies 116.31135
Insurance: Repair or replacement of damaged or destroyed portion of community. 116.31138
Insurance: Variance or waiver of provisions in community restricted to nonresidential use. 116.31142
Preparation and presentation of financial statements. 116.31144
Audit and review of financial statements. 116.31151
Annual distribution to units’ owners of operating and reserve budgets or summaries of such budgets and policy for collection of fees, fines, assessments or costs 116.31152
Study of reserves 116.31153
Signatures required for withdrawals of certain association funds 116.31155
Fees imposed on associations or master associations to pay for costs of administering Office of Ombudsman and Commission 116.31158
Registration of associations with Ombudsman 116.311395
Funds of association to be deposited or invested at certain financial institutions.

Last Updated

Feb. 5, 2021

§ 116.31142’s source at nv.us

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Location: https://nevada.public.law/statutes/nrs_116.31142

Original Source: Section 116.31142 — Preparation and presentation of financial statements., https://www.leg.state.nv.us/NRS/NRS-116.html#NRS116Sec31142 (last accessed Feb. 5, 2021).