New Mexico CPA Exam & License Requirements

New Mexico CPA Exam & License Requirements

New Mexico requires 150 credit hours to earn a CPA license, however you may sit for the CPA exam after earning your bachelor’s degree along with the required accounting courses.  The work experience requirements are pretty standard and require 1 year of public or non-public accounting verified by an active US CPA.

To be eligible to sit for the CPA exam students must first fulfill these qualifications and requirements:

  1. Minimum age: 18
  2. U.S. Residency NOT Required
  3. State Residency NOT required

Education Requirements

  1. Bachelor degree or higher
  2. 30 semester units of accounting courses; 3 of which can come from a Business Law course

NM CPA License Requirements

Education

  • 150 semester hours from a regionally accredited educational institution

Work Experience

  • 1 year of public or non-public accounting experience supervised and verified by an actively licensed United States CPA
  • Chartered accountants from outside the US are not eligible for verification

Ethics Exam

New Mexico CPA Exam Fees

The cost to take all four sections of the CPA exam in New Mexico is $743 plus the initial $155 application fee.  The re-examination registration fee varies depending on the number of sections you are signing up for.

Auditing and Attestation (AUD)$195.35
Business Environment and Concepts (BEC)$176.25
Financial Accounting and Reporting (FAR)$195.35
Regulation (REG)$176.25
Application Fee:$155

**Important Note: You should not apply and pay for exam sections that will not be taken within six months because your Notice to Schedule (NTS) in New Mexico expires 6 months after issuance.

Additional CPA Requirements

  1. Pass all 4 sections of the CPA exam with a score of 75% or higher
  2. Complete verified accounting work experience
  3. Pass AICPA Ethics Exam
  4. Fill out and submit all required CPA license application paperwork
  5. Pay the CPA license application fee

NM Exam Information and Resources

New Mexico CPA Exam Candidates

New Mexico CPA License FAQ

NM CPA Examination

For more details, please contact:

New Mexico Public Accountancy Board
5200 Oakland NE, Suite D
Albuquerque, NM 87113

Email: [email protected], [email protected]
Phone: 505-222-9850
Fax: 505-222-9855

What’s Next?

Now that you have started the CPA exam application process, your next step is to find a CPA review course that fits your budget, learning style and schedule.

It can take several weeks for your application to be processed so don’t waste that valuable time waiting to hear back from your state board.  If you start studying now you will get a nice jump start on the material and will be better prepared to pass your first CPA exam!

Other Posts You Might Enjoy:

Leave a Reply

Your email address will not be published. Required fields are marked *

2 Comments
  • Umair
    Posted at 12 March, 2014 16:04 PM Reply

    HiI live in Ontario, Canada. What will be the nearest exam centre for new mexico?Also, what is the cost of books and other educational material. Is there any possibility to take courses online?Regards

    • Bryce
      Posted at 17 March, 2014 13:54 PM Reply

      Umair,the cost of books and study materials varies but you can expect anywhere between $1000-$1,800 for a full review course (all 4 sections). Check out for more info on that.I do not know the closest exam center for new mexico, however you can find them on their state's accountancy website.Cheers,Bryce