Accountancy: Exam and Education Schedule
Public Accountancy Board Examinations Required For Licensure
Uniform CPA Examination:
The Uniform CPA Examination is a national, standardized examination administered via computer in all 50 states as well as five US Territories and a number of foreign countries.
The examination consists of four sections; only one section may be taken at a time. These sections are: Business Environment and Concepts, Regulation, Audit, and Financial Accounting and Reporting. The examination is developed and graded by the American Institute of Certified Public Accountants. A passing scaled score for each section is 75.
The education requirement to sit for the examination is completion of a bachelor's degree and 30 semester hours of credit in accounting.
Qualification and registration for the examination is conducted by CPA Examination Services at <www.nasba.org
>. Once an individual has been deemed eligible by CPA Examination Services to sit for the examination, scheduling information will be provided to the candidate. Candidates may schedule appointment times at a Prometric Testing Center eight months out of the year.
All for sections of the examination must be passed within an 18-month window. If all four sections are not passed within an 18-month period, credit for any test section passed outside the 18-month period will expire, and that test section must be retaken.
Once a candidate passes all for sections of the Uniform CPA Examination, official score reports will be sent to the Board office directly from CPA Examination Services.
AICPA Ethics Examination:
In addition to passing the Uniform CPA Examination, all applicants for initial licensure must pass the American Institute of CPAs Ethics Examination with a grade of 90 percent or higher. This is a self-study examination. It may be ordered from the New Mexico Society of CPAs at <www.nmscpa.org
> or at 505-246-1699.
Official score reports must be sent directly to the Board office from the American Institute of CPAs.