Specifications include, but are not limited to: The State of Nevada, Mortgage Lending Division is seeking proposals from qualified vendors to perform financial reviews of current and future licensees of the division. It is the State's intent to enter into contracts with a Certified Public Accountant (CPA), acting as independent contractors, who have experience in meeting the various needs of the agency. Reviewing and analyzing required financial statements submitted by licensees to verify that financials have been prepared based on Generally Accepted Accounting Principles. Financials are reviewed to analyze income versus expenses, assets versus liabilities, possible trends within footnotes, contingent liabilities, net equity, and income to determine solvency. Reviewing and examining interim unaudited financial statements and pulling supporting documents to substantiate information contained within. Ensuring financials are timely submitted, reviewed, with issues resolved, and that extensions are properly approved and documented. – estimated time: up to three (3) hours per review Annually review audited financials from the licensed companies for conformance to NRS. – estimated time: up to three (3) hour per review. Review timeline: Will vary based on the complexity and/or size of the company. If more than 3 hours are needed for the review account for the need so that more time can be allowed.
