Accountancy Overview
NOTICE OF RULE HEARING
The New Mexico Public Accountancy Board (“Board”) will hold a rule hearing on Tuesday, April 28, 2020 at 9:00 a.m. Following the rule hearing, the Board will convene a board meeting to consider adoption of the rules and address regular business. The rule hearing and board meeting will be held at the New Mexico Regulation and Licensing Department, 5500 San Antonio Dr. NE, Albuquerque, New Mexico, 87109.
The purpose of the rule hearing is to consider proposed amendments to the following rules:
16.60.1.7 NMAC – Definitions;
16.60.1.9 NMAC – Board Operation;
16.60.1.10 NMAC – Fees and Obligations;
16.60.2.10 NMAC – Examination Administration;
16.60.3.8 NMAC – Application Requirements;
16.60.3.9 NMAC – Initial Certificate/License Requirements
16.60.3.12 NMAC – Reinstatement Requirements
16.60.3.15 NMAC – Continuing Professional Education (CPE) Required to Obtain or Maintain an “Active” CPA License;
16.60.4.8 NMAC – Firm Permit Application, Renewal, Reinstatement and Notification Requirements;
16.60.5.11 NMAC – Rules of Conduct; and
16.60.5.13 NMAC – Unauthorized Use of the CPA Title.
To obtain and review copies of the proposed changes you may use the links below or contact the New Mexico Public Accountancy Board at 505.222.9850 or by email at Accountancy.Board@state.nm.us.
The Board is currently accepting public comments on the proposed amendments. Please submit written comments on the proposed changes to Jeanette Contreras, Board Executive Director, via electronic mail at Accountancy.Board@state.nm.us by regular mail at 5500 San Antonio Dr. NE, Albuquerque, NM 87109, no later than Monday, April 27, 2020. Persons will also be given the opportunity to present their comments at the rule hearing. All written comments will be posted to the Board’s website at: http://www.rld.state.nm.us/boards/Accountancy.aspx, no more than three business days following receipt to allow for public viewing.
An individual with a disability who is in need of a reader, amplifier, qualified sign language interpreter, or other form of auxiliary aid or service to attend or participate in the hearing, please contact Jeanette Contreras, Board Executive Director at (505) 222-9851.
To obtain and review copies of the proposed changes please use the following links:
16.60.1 NMAC
16.60.2 NMAC
16.60.3 NMAC
16.60.4 NMAC
16.60.5 NMAC
NOTICE TO ALL LICENSEES REGARDING PAY PAL MIGRATION:
Beginning July 15, 2019, there will be a 2.5% transaction fee applied to all online license, registration and renewal fees paid to the Regulation and Licensing Department with a credit card, this fee is paid directly as a bank transaction fee, it is not paid to the Regulation and Licensing Department. The Regulation and Licensing Department is working on development of an electronic check (e-check) payment option that will also be available in the near future. Use of the e-check option will not result in any transaction fees. Thank you.
NOTICE: CPA firm permit renewals have transitioned to online. The Board will not be mailing out paper renewals.
NOTE FOR OUT OF STATE FIRM PERMIT HOLDERS/APPLICANTS: In New Mexico, a firm permit is not required for a firm that does not have an office in this state but is licensed and in good standing in their home state, and offers or renders attest and non-attest services in this state. Please click and read the following link for a better understanding of Firm Mobility. You may also find this link helpful; CPA Mobility.
SWEARING IN CEREMONY DATES FOR 2020
May 1, 2020 and November 6, 2020
UNM Continuing Education Conference Center Auditorium
1634 University Blvd. NE
Albuquerque, NM 87102
Ceremony will begin promptly at 3:00 p.m.
The New Mexico Public Accountancy Board (NMPAB) issues licenses to both Certified Public Accountants (CPA) and CPA firms to practice public accountancy in New Mexico.
Public accountancy means the performance of one or more kinds of services involving accounting or auditing skills, including the issuance of reports on financial statements, the peformance of one or more kinds of management, financial advisory or consulting services, the preparation of tax returns or the furnishing of advice on tax matters.
The Board sets professional and educational standards for CPAs for obtaining and maintaining licenses, and ensures CPA firms report peer reviews of their performance. The Board also investigates complaints from the public against CPAs and/or CPA firms and takes appropriate disciplinary action when professional and ethical standards are violated.
Staff Directory
Alexa Martinez, Licensing and Financial Administrator (505) 222-9852
Noel Davis, Licensing Manager (505) 222-9853
Ernest Santucci, PI, CFI, PCI, Board Investigator (505) 222-9854
Jeanette Contreras, Executive Director (505) 222-9851
Board Contact Information
The New Mexico Public Accountancy Board
5500 San Antonio Dr. NE, Suite A
Albuquerque, NM 87109
(505) 222-9850
(505) 222-9855 Fax
RECEIVE QUARTERLY NEWSLETTERS
To ensure you receive the quarterly newsletter, please be sure to update your email address with the board using the Contact Information Update
Form and email it to
accountancy.board@state.nm.us.
Help Us Identify Unlicensed Individuals and Firms holding out as Certified Public Accountants and Firms: Download Tip Form (here).
If you suspect websites, signage, business cards, letterheads, or other marketing materials that are false or misleading, please let us know.