677.410 - Preparation of annual reports and financial statements; special reports; extensions; removal of qualification.
677.410 Preparation of annual reports and financial statements; special reports; extensions; removal of qualification.
1. The annual reports and financial statements required by this chapter must be prepared in accordance with generally accepted accounting principles and must be accompanied by a report, certificate, or opinion of an independent certified public accountant or independent public accountant, and must contain such relevant information as the Commissioner may require. The audits must be conducted in accordance with generally accepted auditing standards and the regulations of the Commissioner.
2. A licensee shall make other special reports to the Commissioner as the Commissioner may from time to time require.
3. For good cause and upon written request, the Commissioner may extend the time for compliance with the provisions of this chapter.
4. If the report, certificate or opinion of the independent accountant is in any way qualified, the Commissioner may require the company to take such action as he or she deems appropriate to permit an independent accountant to remove such qualification from the report, certificate or opinion.
(Added to NRS by 1975, 1838; A 1983, 1822; 1987, 2004)