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Nevada Revised Statutes Title 2. Civil Practice § 11.2075. Malpractice actions against accountants

Current as of January 01, 2021 | Updated by FindLaw Staff

1. An action against an accountant or accounting firm to recover damages for malpractice must be commenced within:

(a) Two years after the date on which the alleged act, error or omission is discovered or should have been discovered through the use of reasonable diligence;

(b) Four years after completion of performance of the service for which the action is brought;  or

(c) Four years after the date of the initial issuance of the report prepared by the accountant or accounting firm regarding the financial statements or other information,

whichever occurs earlier.

2. The time limitation set forth in subsection 1 is tolled for any period during which the accountant or accounting firm conceals the act, error or omission upon which the action is founded and which is known or through the use of reasonable diligence should have been known to the accountant or the firm.

3. As used in this section, “accountant” means a person certified or registered as a public accountant pursuant to chapter 628 of NRS who holds a live permit, as defined in NRS 628.019.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 2. Civil Practice § 11.2075. Malpractice actions against accountants - last updated January 01, 2021 | https://codes.findlaw.com/nv/title-2-civil-practice/nv-rev-st-11-2075.html

Read this complete Nevada Revised Statutes Title 2. Civil Practice § 11.2075. Malpractice actions against accountants on Westlaw

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.

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