New Mexico CPA CPE Requirements

License Renewal: Last day of birth month each year

Reporting Period: First day of month following birth month to the last day of the birth month every three years

CPE Documentation: License renewals can take place at The New Mexico Board of Accountancy.

Credit Limitations:

• Instruction: Limited to 60 hours combined with published materials.
• Meetings: Board meeting attendance limited to 4 hours
• Published Materials: Limited to 60 hours combined with instruction.
• Reviewer: Firm peer review program participation limited to 24 hours. Firms having engagement or report peer review will be allowed 12 hours, a system peer review up to 24 hours and a system peer review located away from the firm’s office up to 12 hours.

Credit Calculations:

• Instruction: Credit equates to presentation plus preparation. Preparation is limited to two times presentation. Replicated material is only accepted if it is substantially changed.
• Partial Credit: Board meeting attendance limited to 4 hours
• University/College:
  • One semester hour equates to 15 CPE hours
  • One quarter hour equates to 10 CPE hours
  • Non Credit Courses – each classroom hour equates to one qualifying hour.

Hour Requirements: 120 hours; minimum of 20 per year

• 4 hours of Ethics required
• 96 hours in technical subjects which include:
  • Accounting & Auditing
  • Accounting & Auditing (Governmental)
  • Administrative Practice
  • Attestation
  • Behavioral Ethics
  • Business Law
  • Computer Science
  • Economics
  • Finance
  • Financial Advisory or Consulting
  • Financial Reporting
  • Management Consulting
  • Mathematics
  • Production
  • Regulatory Ethics
  • Specialized Knowledge
  • Statistics
  • Taxation
• 24 hours of CPE must be sponsored by organizations other than licensee’s firm or employer.