1. Meet the Education Requirements to Sit for the CPA Exam
To meet the New Mexico CPA education requirements to sit for the CPA exam, New Mexico’s exam-eligibility education requirement is different from its licensure education requirement. Candidates need a bachelor’s degree with at least 30 accounting hours.
For licensure, New Mexico requires a bachelor’s degree and at least 150 semester credit hours, including at least 30 accounting hours.
For licensure, New Mexico requires a bachelor’s degree and at least 150 semester credit hours, including at least 30 accounting hours.
2. Apply for the CPA Exam
To apply for the CPA examination in New Mexico, you need to sign up for an Okta account through NASBA’s dashboard, then access CPA Portal to submit your New Mexico CPA Exam application, payments, and exam-section applications.
New Mexico’s exam fees include a $96.00 education evaluation application fee, a $106.00 exam application fee, and a $262.64 exam section fee.
Click here to see a breakdown of the New Mexico CPA exam costs.
New Mexico’s exam fees include a $96.00 education evaluation application fee, a $106.00 exam application fee, and a $262.64 exam section fee.
Click here to see a breakdown of the New Mexico CPA exam costs.
3. Sign Up for the CPA Exam
Once your application has been approved, you can select the CPA exam you want to take and pay the necessary fees using NASBA’s CPA Central website. Once you receive the Notice to Schedule (NTS), you may visit Prometric to schedule your exam/s.
4. Pass the Exams
The CPA exam consists of the three core sections, and candidates would need to select one of the three disciplines to demonstrate greater skills and knowledge, allowing candidates to choose a specialization. There is no set order in which the exam portions must be completed. You must pass each section with a score of 75 or higher within a rolling 18-month window.
5. Ethics Exam
After passing the CPA exam, the candidate must also meet the New Mexico CPA ethics exam requirements by taking one additional test: the AICPA Professional Ethics Exam with a score of 90% or better. The self-study course must be completed within one year from the date of purchase.
6. Meet the Experience Requirements
To meet the New Mexico CPA experience requirements, you need one year of full-time experience in one or more of the following areas: accounting, attestations, management advisory, financial advisory, tax, information systems, or consulting skills and must be verified by a certified public accountant licensed in the US jurisdiction.
7. Apply for CPA License
Once you have met all the requirements and paid the licensure application fee, initial licensure applications must be submitted through New Mexico’s online licensing portal. Applicants must also complete a state and federal criminal background check.
8. Renew your New Mexico CPA License Every Three Years
New Mexico CPA licenses renew annually. The renewal fee and completed CPE report are due by the last day of the licensee’s birth month. The current active CPA renewal fee is $130, and the late renewal penalty is $100.
CPAs must complete 120 CPE hours in a rolling 36-month reporting cycle, including at least 20 hours each reporting year, 4 ethics hours, at least 96 technical hours, and at least 24 hours not sponsored by the CPA’s firm or employer.
CPAs must complete 120 CPE hours in a rolling 36-month reporting cycle, including at least 20 hours each reporting year, 4 ethics hours, at least 96 technical hours, and at least 24 hours not sponsored by the CPA’s firm or employer.
