Introduction

Nevada is known for its entertainment, gambling, mining and cattle ranching, but it is also home to 4 Fortune 500 companies, 405 licensed CPA firms and offices for each of the “Big Four” international CPA firms (Deloitte & Touche, KPMG, PricewaterhouseCoopers and Ernst & Young). This robust economy produces around $126 billion in state product, and generates a per capita income of $37,361, making it the 19th largest state economy in the nation.

Despite these high individual earning rates, Nevada does not have a state income tax. Unemployment hovers just over 7%, that’s compared to a national average unemployment rate of just over 5%. Just over 40,000 residents populate the state, the majority of whom are employed by the tourism industry or in mining (Nevada is the world’s fourth-largest gold producer). This flow of currency in and out of the state creates the need for a number of CPAs and firms to provide financial services.

Nevada at a glance

Population 2,839,099
Per Capita Income $37,361
Unemployment Rate 7.1%
Fortune 500 Companies 4
Licensed CPA Firms 405

Accounting Programs in Nevada

Search our comprehensive school directory to explore the accounting programs in Nevada, including campus-based, online and hybrid programs.

Accounting Salaries and Employment

By 2022, Nevadan accountants and auditors can look forward to a 14.6% increase in employment opportunities over 2012. The new growth represents the creation of over 9,000 new positions during this period and also exceeds national averages for growth in this industry.

Top-paying cities include Reno, Las Vegas and Sparks, where CPAs regularly earn between $57,840 and $63,790 annually on average. Salaries in the six-digit range are possible as well, depending on a CPA’s degree level, licensure status and speciality.

Projected Job Growth for Accountants

8,130 Employees2012
9,310 Employees2022
Nevada 12.7% increase
1,275,400 Employees2012
1,442,200 Employees2022
United States 11.6% increase
Source: U.S. Department of Labor

Accounting Salaries by Specialty

Nevada Avg. Annual Wage United States Avg. Annual Wage

Associate Degree Recommended

Bookkeeping and Auditing Clerks

\ $37,680
$37,250

Payroll Clerks

\ $38,670
$39,850

Credit Counselors

\ $47,690
$44,960

Bachelor's Degree Recommended

Cost Estimators

\ $62,020
$63,660

Tax Examiners and Collectors

\ $65,230
$56,120

Master's Degree Recommended

Accountants and Auditors

\ $63,260
$72,500

Budget Analysts

\ $71,730
$72,560

Personal Financial Advisors

\ $93,450
$99,920

Actuaries

\ $0
$107,740

Financial Managers

\ $100,400
$126,660
Source: BLS OES

Top-paying cities for accountants

  1. Reno-Sparks, NV
    $63,790
  2. Las Vegas-Paradise, NV
    $63,710
  3. Carson City, NV
    $57,840
Source: OES Data Tool

Becoming a certified public accountant (CPA) in Nevada

The CPA Exam in Nevada is administered by the State Board of Accountancy. Candidates planning to sit for the exam must fulfill the requirements listed below. The exam is made up of four sections, all of which must be passed within an 18 month long period. It is quite common for students to retake individual sections of the exam until they receive a passing score.

Nevada supports reciprocal licensure, as well as original licensure for those individuals who took the exam in another state but are not yet licensed.

Eligibility for CPA Licensure in Nevada

Eligibility for CPA licensure in the state of Nevada calls for the following criteria to be met:

  • Be a resident of Nevada
  • Hold a baccalaureate degree
  • Meet the 150 hour educational requirement
  • Complete 30 semester hours of upper level accounting courses
  • Complete 2 years of experience working in public accounting or auditing, OR 4 years experience working in internal or governmental auditing
  • Pass an ethics exam that has been approved by the Board within the last 3 years
Age RequirementNone
Citizenship RequirementNo
Residency RequirementYes
Social Security # RequirementYes
Education Requirement for Licensure150 hours (including bachelor's degree)
Participates in International ProgramsYes
Hours in Accounting30 semester hours or equivalent quarter hours above the introductory level
Exam Sitting Requirements150 hours (must complete education requirement prior to sitting for exam)
Experience Requirements2 years of public accounting experience in accounting or auditing, finance, advising or consulting with clients on matters relating to management, preparation of tax returns or the furnishing of advice on matters relating to taxes; or 4 years experience in internal audit or governmental accounting and auditing considered to be substantially equivalent in the Board's judgment.
Ethics ExamMust pass an ethics exam within the past 3 years that was approved by the Board

A State Board – approved ethics exam can be ordered through the AICPA Professional Ethics for CPA’s (1-888-777-7077) or PES Ethics & Professional Conduct (1-800-990-2731).

Source: The American Institute of CPAs

CPA exam fees in Nevada

Total:$250
  • Application Fee $200
  • Auditing & Attestation N/A
  • Financial Accounting & Reporting N/A
  • Regulation $50
  • Business Environment & Concepts N/A

Checks should be made payable to the Nevada State Board of Accountancy. Neither the State Board site nor NASBA list any other exam fees.

Schools Ranked by CPA Pass Rates, 2014

RankLogoSchool NameCandidatesPass RateAverage Score

Schools are ranked by pass rate unless otherwise noted. Results are comprised of scores from both first-time test takers and those returning to take the whole exam or specific sections of it again. Source: National State Boards of Accountancy

Certifying and Professional Organizations

The Nevada State Board of Accountancy is the body responsible for maintaining professional conduct codes, regulating the practice of CPAs and firms, providing forms and applications, and CPA licensing information. The State Board also collects the CPA Exam fees and administers the test. Once licensed, CPAs may join the Nevada Society of CPAs, a professional organization designed to unite CPAs within the state of Nevada.

The Society provides advocacy for its members as well as resources and networking, and strives to uphold the code of professional conduct as laid down by the American Institute of Certified Public Accountants (AICPA).

Nevada State Board of Accountancy

Address

1325 Airmotive Way Suite 220
Reno, NV 89502

Phone Number

(775) 786-0231

Nevada Society of CPAs

Address

750 Sandhill Road Suite 120
Reno, NV 89521

Phone Number

(775) 826-6800

Email

uithoven@nevadacpa.org