Nev. Rev. Stat. § 370.593 — Retention of records; inspection, copying and auditing of records by Department; verification of information by licensees; subpoenas

NRS  370.593    Retention of records; inspection, copying and auditing of
records by Department; verification of information by licensees; subpoenas.
1.  Except as otherwise provided in
subsection 2, a licensee shall retain for not less than 5 years all receipts,
invoices, records, inventory records and financial statements necessary to
substantiate information submitted by the licensee to the Department in any
report or return required pursuant to this chapter.
2.  If a licensee fails to submit a return
or report which is required by this chapter, the licensee shall retain for not
less than 8 years all receipts, invoices, records, inventory records and
financial statements necessary to substantiate any information which the
licensee was required to include in the report or return which the licensee
failed to submit.
3.  Upon request, a licensee shall provide
access to and permit the Department to inspect, examine, photocopy and audit
all receipts, invoices, records, inventory records and financial statements
retained by the licensee pursuant to subsections 1 and 2 and all records and
financial statements relating to the gross income of the licensee.
4.  Upon request, a licensee shall provide
verification of his or her gross income and any other matters affecting the
enforcement of the provisions of this chapter.
5.  The Department may demand access to and
inspect, examine, photocopy and audit all receipts, invoices, records,
inventory records and financial statements of any affiliate of a licensee who
the Department knows or reasonably believes is involved in the financing,
operation or management of the licensee. The inspection, examination,
photocopying or audit may take place on the premises of the affiliate or
another location, as practicable.
6.  The Executive Director or any person
authorized in writing by the Executive Director may issue a subpoena to compel
the attendance of witnesses at a hearing held by the Department or to compel
the production of records.