NEW MEXICO(NM) CPA
Certified Public Accountant (CPA) is a designation given by the American Institute of Certified Public Accountants (AICPA) to individuals that pass the Uniform CPA Examination and meet the education and experience requirements. The CPA designation helps enforce professional standards in the accounting industry. CPA (Certified Public Accountant) is the highest accounting credential in the United States. CPA ensures global recognition for accounting & finance professionals.
The Board of Accountancy provides assurance to the public that the CPA profession in New Mexico operates at the highest level of professional competence through, verification of education and experience credentials.
NEW MEXICO(NM) CPA CPE REQUIREMENT OVERVIEW
|CPE Requirements||120 hours every 3 years, with minimum of 20 hours per year|
|License Renewal Period||Last day of birth month annually|
|CPE Reporting Cycle||First day of month following birth month to last day of birth month over a three-year rolling period.|
|Ethics Requirement||Four (4) hours of ethics every 3-years.|
|Carry Over Credits||New Mexico CPA cannot carry forward credits in the next reporting cycle |
|Subject Area Restriction||New Mexico CPA can complete maximum 24 hours in non-technical subjects|
New Mexico CPA requires 120 hours of CPE to be completed in every 3-year
reporting cycle with a minimum of 20 hours per year, and must be reported to
the Board by the end of renewal period every year as part of the renewal
Click for Further Reference on CPE Regulations for New Mexico CPA.
What are CPE Requirements for New Mexico (NM) CPA?
All licensed CPAs in New Mexico must complete 120 hours of approved continuing education every 3-year with a minimum of 20 hours per year. Many of our programs in Live and Self-Study are Approved for continuing education for New Mexico CPA. Here is myCPE 40 CPE Package for New Mexico CPA (Incl. 4 hrs Ethics Course) that meets all of your annual continuing education requirement in one go.
What is the Ethics Requirement for New Mexico (NM) CPA?
New Mexico State Board of Accountancy has a mandatory requirement that New Mexico (NM) CPA has to earn at least 4 hours of CPE in 3-year rolling reporting cycle. Regulatory AICPA Ethics, Circular 230 Ethics, New Mexico occupational and professional licensing code of professional conduct, Organization ethics, moral reasoning all subject areas are approved for qualifying as ethics as long as it meets NASBA standards. At myCPE we provide Free Ethics Course to all New Mexico (NM) CPA as a part of our membership initiative.
What is license renewal period?
What is the CPE reporting cycle?
What are qualifying subject areas?
New Mexico State Board of Accountancy specifies below mentioned subject areas as qualifying subject areas for CPE.
Technical subject areas:-
- Government accounting
- Government auditing
- Business law
- Information technology
- Management services
- Regulatory Ethics
- Specialized Knowledge
Non-technical subject areas:-
- Behavioral ethics
- Business management & organization
- Communications and marketing
- Computer software and applications
- Personal development
- Personnel/human resources
Click Here for further reference on state
Why one should choose myCPE 40 CPE Package for New Maxixo CPA?
myCPE 40 CPE Package for New Mexico meets the 40 CPE requirement out of the total 120 CPE requirement in one go i.e.
1. 40 CPE credit hours.
2. 4 CPE credit hours in Ethics
3. 32 CPE credits hours in technical subjects such as Accounting, Auditing, Finance and Taxes.
Do we have any minimum CPE requirements in particular subject area?
A New Mexico CPA has to complete minimum of 96 hours from technical learning activities (as defined by New Mexico State Board).
What are CPE Requirements for initial renewal for New Mexico (NM) CPA?
New licensees are exempt from satisfying the CPE requirements for the period between issue date and first expiration date.
What are the qualifying learning activities?
- Self-Study Courses (Videos)
- Live Webinars
- Virtual Events
- Short Videos
- Certificate Courses
- In-firm educational programs of public accounting firms
- Technical meetings, Professional accounting meetings, and Firm meetings
- Service as an instructor, lecturer, discussion leader and authoring and publishing materials (maximum 60 hours)
- Board meeting (maximum 4 hours)
- CPE sponsored by organizations other than a licensee’s firm or employer (minimum 24 hours)
- University and college courses
- Nano learning (short videos) - (maximum 8 hours)
What are the CPE reporting and record retention requirements?
Licensees shall report CPE completion on board prescribed forms including a signed statement indicating they have met the requirements for participation in the CPE program set forth in board rules. You should keep your copies in case the board performs an audit of your CPE, you will be responsible for submitting copies of your certificates of completion and/or verification of courses at the time of the audit. You must retain your documentation for at least five (5) years after the completion of educational courses.
How much does it cost to renew the New Mexico (NM) CPA license?
How many credits can be completed via Self Study courses?
A New Mexico (NM) CPA can complete 100% of the total required CPE credits hours via self-study courses. i.e., a New Mexico (NM) CPA can complete all 120 hours via self-study courses and 40 CPE Package of myCPE is 100% compliant to that requirement
Is short video (nano learning) method approved for CPE?
Can New Mexico (NM) CPAs carry over excess credit earned in a particular renewal cycle?
A registrant must report, at a minimum, the CPE hours required for the registration renewal period. Hours that exceed the number required for the current registration renewal period may not be carried forward to a subsequent registration renewal period.
What if New Mexico (NM) CPA did not complete the 120 hours of CPE requirements by end of the reporting cycle?
You are in non-compliance if you do not complete at least 120 hours of acceptable CPE by end of reporting cycle:
- The New Mexico CPA shall provide a written explanation for failure to complete CPE and shall also submit a written request for an extension for completion of the required CPE. The board has the discretion to grant or deny a request.
- Failure to complete the required CPE within the extension period shall result in disciplinary action against the licensee.
- If all CPE requirements are not met within 90 days beyond the expiration date of license, the license shall be subject to cancellation.
For more detailed information click here.
Are myCPE courses Approved for New Mexico (KY) CPA?
As myCPE is approved by NASBA (Sponsor id 143597) many of our courses are approved for New Mexico CPAs. And for further guidance we have provided details for “QUALIFIES FOR” on each page of the courses about Approval/Qualifications of CPE Credits for your reference.
As myCPE is approved by NASBA (Sponsor id 143597) many of our courses are approved for New Mexico CPAs. And for further guidance we have provided details for “QUALIFIES FOR” on each page of the courses about Approval/Qualifications of CPE Credits for your reference. However, it will be the responsibility of each attendee to ensure that they are eligible for the Continuing Professional Education Credits based on their occupation/job profile, knowledge requirement as well as guidelines laid down by their regulatory board before registering for the webinars. So, make sure you check with respective state board or regulatory body.
New Mexico State Board of Accountancy governs accounting and auditing profession in the state of New Mexico! Here is link to the State board Website.
|National Association of State Boards of Accountancy (NASBA)||143597|
|Internal Revenue Service (IRS)||GEHNZ|
|California Tax Education Council (CTEC)||6273|
|Certified Financial Planner Board (CFP)||8061|
|Society for Human Resource Management (SHRM)||RP5359|
|Human Resource Certification Institute (HRCI)||714694|
|American Payroll Association (APA)||372961|
|Texas State Board of Public Accountancy (TSBPA)||010556|
|Illinois Department of Financial & Professional Regulation (IDFPR)||158002756|
|New York State Board of Public Accountancy (NYSPA)||002976|
|Association of Certified Fraud Examiners (ACFE)||Approved|
|National Association of Certified Valuators and Analysts (NACVA)||Approved|
|Institute of Management Accountants (IMA)||Approved|
|Institute of Internal Auditors (IIA)||Approved|
|Institute of Finance and Management (IOFM)||Approved|
|Society of Trust and Estate Practitioners (STEP)||Approved|
|Certified Senior Advisor (CSA)||Approved|
Upcoming NM-CPA Webinars
Alternate Designs for Defined Contribution and Defined Benefit Plans
Dec 17 03:00 PM EST
Retirement Plan Governance Best Practices: Fiduciary Responsibility
Dec 16 04:00 PM EST
The Next 401(k) Scandal
Dec 15 10:00 AM EST
Qualified Retirement Plan Updates & Opportunities – What Opportunities are available for the 2020- 2021 tax years?
Dec 14 04:00 PM EST
Retirement Plan Governance Best Practices: Overview
Dec 13 04:00 PM EST
Dec 10 01:30 PM EST
Succession and Exit Planning
Dec 09 12:30 PM EST
4 Pillars to an Abundant Retirement
Dec 08 10:30 AM EST
Fundamentals of Defined Benefit Plans
Dec 07 03:00 PM EST
Retirement Plan Updates & Opportunities
Dec 06 02:30 PM EST