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Education
Requirments for Obtaining New Mexico Licensure
Please visit the Forms and Applications page for more detailed information for each specific license
Education Requirements
The education requirement for licensure is the possession of a bachelor’s degree from a regionally accredited college or university and a minimum of 150 semester credit hours; at least 30 hours must be in accounting. Three of the 30 accounting hours may be in business law. The 30 hours may be included in the baccalaureate program or may be taken outside of the program.
Experience Requirements
At least one year of experience providing service or advice involving the use of accounting, attest, management advisory, financial advisory, tax, or consulting skills is required. This experience must be verified by a certified public accountant licensed in a U.S. jurisdiction during the period of attestation.
Ethics Examination Requirement
Each applicant must provide proof of passing the American Institute of Certified Public Accountants (AICPA)
Professional Ethics: The AICPA's Comprehensive Course
with a score of 90% or better. This self-study course must be completed within one year from the date of purchase. Click
here
to purchase Professional Ethics: The AICPA's Comprehensive Course.
Individuals who completed a state board administered Ethics Exam are not required to complete the ethics course through AICPA unless the administering state is unable to provide verification. This information must be verified through a completed Interstate of Exchange form. If you are unable to obtain verification, then you must re-take the course through AICPA.
Criminal Background Check Requirement
To obtain licensure in New Mexico all applicants are required to complete a state and federal criminal background check through GEMALTO. Each applicant must register prior to conducting the fingerprint process. You may click
here
to register for your background check.
PLEASE NOTE: fingerprints are
only valid for 30 days after
completion. If you complete the process too soon you will be required to repeat the process including repayment of the fee. For more information regarding background checks and your privacy rights please click
here
.
Application Fee Requirements
There is a fee assoiciated with each licensing and firm application. The Board accepts only check or money order unless renewing a license or firm online. Checks and money orders can be made out to the New Mexico Public Accountancy Board. If renewals are not received or postmarked by the expiration date a late fee will be assessed. Please visit the Fees page for specific application fee amounts.
CPE Requirements
Completion of 120 CPE hours in a full 36 month reporting cycle
A minimum of 20 CPE hours completed for each reporting year
Four (4) ethic hours completed for a full 36 month reporting cycle
At least 96 of the 120 CPE hours must be
technical
hours
At least 24 of the 120 CPE hours
cannot
be sponsored by your firm or employer.
Tips for reporting your CPE
Please list the hours in chronological order by completion date
50 minutes = 1 CPE hour
Reporting years are calculated based on birth month
A reporting year
begins
with the first day of the month
after
your birth month and
ends
with the last day of your birth month
Specify if a course is technical or non-technical by placing a
T
for technical or an
NT
for non-technical.
Click
here
to view a CPE requirement guide.
Click
here
to download self-populating hours CPE spreadsheet.
Peer Review Requirements (Firm)
Unless in EXEMPT status, established firms that have a completed peer review must submit a copy of the Reviewer’s Report, the Acceptance Letter; and, if applicable, a copy of the Completion Letter from a qualified peer review program. New firms are required to submit a peer review report within 18 months of their first engagement, and must submit a copy of the confirmation letter showing enrollment in an AICPA affiliated peer review program with this application.
Ownership Profile Requirements (Firm)
Each intial/ renewal firm application must include the licensing information and attest experience of all Shareholder(s), Stockholder(s), Proprietor(s), Partner(s) and any other employees holding a CPA license. You may use the space provided on the application or include the information on a separate sheet of paper.
Type of Firm Business Registration Requirement (Firm)
Each firm must provide a current copy of the firms Articles of Organization/Incorporation that is registered with the Secretary of State including business ID number.
Not applicable for Sole Proprietorship.
If you are renewing your firm and your business type has changed since your last renewal, you are required to submit a current copy of your firms Articles of Organization/Incorporation that is registered with the Secretary of State including business ID number.
Not applicable for Sole Proprietorship
.
Upcoming Events
Upcoming Events
2/5/2021
2/5/2021 - NMBOP Pharmacy Law Update- Albuquerque
2/5/2021
2/5/2021 - NMBOP PHARMACY LAW UPDATE ALBUQUERQUE
2/12/2021
2/12/2021 - Manufactured Housing Division Committee Meeting
2/23/2021
2/23/2021 - NM Public Accountancy Board Meeting
3/5/2021
3/5/2021 - NMBOP PHARMACY LAW UPDATE ALBUQUERQUE
3/5/2021
3/5/2021 - NMBOP PHARMACY LAW UPDATE ALBUQUERQUE
4/2/2021
4/2/2021 - NMBOP PHARMACY LAW UPDATE ALBUQUERQUE
Latest News
Latest News
1/20/2021
Changes to Liquor Control Act Designed to Support Hospitality Industry
1/20/2021
Changes to Liquor Control Act Designed to Support Hospitality Industry
1/8/2021
Securities Division Reminds Firms to Contact Regulators
1/8/2021
Securities Division Reminds Firms to Contact Regulators
12/22/2020
Holiday office closure
12/22/2020
Holiday office closure
12/15/2020
State amends capacity requirements for essential retail spaces
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