New
Mexico Register / Volume XXXII, Issue 17 / September 14, 2021
PUBLIC
RULE HEARING AND REGULAR BOARD MEETING
The New Mexico Public
Accountancy Board (“Board”) will hold a rule hearing on Tuesday, October 26,
2021 at 9:00 a.m. Following the rule
hearing, the Board will convene a board meeting to consider adoption of the
rules and address regular business. The
rule hearing and board meeting will be held at the Regulation and Licensing
Department, 5500 San Antonio Dr. NE, Albuquerque, NM 87109 (dependent upon the
current public health order), and online via Cisco Webex
Meetings in Albuquerque, New Mexico.
To join the meeting online by Cisco Webex
Meeting, please use the following link:
https://nmrld.webex.com/nmrld/j.php?MTID=eb2ef8911d72d7790b01d9f8384cadfe9
Event Code: 146 572
6875
The purpose of the
rule hearing is to consider proposed amendments to the following rules:
16.60.1.7 NMAC – Definitions;
16.60.3.9 NMAC – Initial
Certificate/License Requirements;
16.60.3.12 NMAC –
Reinstatement Requirements;
16.60.3.14 NMAC-
Substantial equivalency/intent to practice requirements;
16.60.3.15 NMAC – Continuing
Professional Education (CPE) Required to Obtain or Maintain an “Active” CPA
License;
16.60.4.8 NMAC – Firm
Permit Application, Renewal, Reinstatement and Notification Requirements;
16.60.5.11 NMAC –
Rules of Conduct; and
The purpose of the
rule hearing is to consider the creation of the following rule:
16.60.5.15 NMAC – Criminal
Convictions.
To obtain and review
copies of the proposed changes you may go to the Board’s website at: http://www.rld.state.nm.us/boards/Accountancy.aspx or
contact the New Mexico Public Accountancy Board by email at Accountancy.Board@state.nm.us.
The Board is
currently accepting public comments on the proposed amendments. Please submit written comments on the
proposed changes to Noel Davis, Board Executive Director, via electronic mail
at Accountancy.Board@state.nm.us or by regular mail at 5500 San Antonio Dr.
NE, Albuquerque, NM 87109, no later than Monday, October 25, 2021. Persons will also be given the opportunity to
drop off their comments prior to the rule hearing. An NMPAB staff member will be present between
8:00a.m – 9:00a.m. on the day of the rule hearing at the Regulation and
Licensing Department, 5500 San Antonio Dr. NE, Albuquerque, NM 87109, to accept
public comment in written form. The NMPAB staff will then present the public
comment during the rules hearing.
All written comments
will be posted to the Board’s website at:
http://www.rld.state.nm.us/boards/Accountancy.aspx, no more than three business
days following receipt to allow for public viewing.
An individual with a
disability who is in need of a reader, amplifier, qualified sign language
interpreter, or other form of auxiliary aid or service to attend or participate
in the hearing, please contact Jeanette Contreras, Board Executive Director by
email at Noel.Davis1@state.nm.us.
Statutory Authority: The 1999
New Mexico Public Accountancy Act, Sections 61-28B-5, NMSA 1978, among other
provisions, specifically authorizes the Board to “adopt and file rules
necessary to carry out the provisions of the 1999 Public Accountancy Act.”
Summary of Proposed Changes:
In addition to
making minor clarification changes, the proposed rules are summarized as
follows:
16.60.1.7 NMAC - Definitions
The amendments to this
section clarify and create new definitions that will create better understanding
of the Act.
16.60.3.9 NMAC - Initial
Certificate/License Requirements
The
amendments to this section will update licensing requirements to meet the
Criminal Record Expungement Act pursuant to Sections 29-3A-1 through 29-3A-7
NMYSA 1978 and the Expedited
Licensure for Military Families pursuant to 61-1-34 NMSA 1978.
16.60.3.12 NMAC - Reinstatement
Requirements
The amendments to
this section will update licensing requirements to meet the Criminal Record
Expungement Act pursuant to Sections 29-3A-1 through 29-3A-7 NMYSA 1978.
16.60.3.14 NMAC – Substantial
Equivalency/Intent to Practice Requirements
The amendments to
this section will update licensing requirements to meet the Criminal Record
Expungement Act pursuant to Sections 29-3A-1 through 29-3A-7 NMYSA 1978.
16.60.3.15 NMAC - Continuing Professional
Education (CPE) Required to Obtain or Maintain an “Active” CPA License
The amendments to
this section will clarify the process to request an extension to meet the CPE
renewal requirements; add community service as an alternative option to a fine;
update licensing requirements to meet the Criminal Record Expungement Act
pursuant to Sections 29-3A-1 through 29-3A-7 NMYSA 1978.
16.60.4.8 NMAC - Firm Permit Application,
Renewal, Reinstatement and Notification Requirements
The amendment to
this section defines the firm permit expiration date.
16.60.5.11 NMAC - Rules of Conduct
The amendment to
this section will update licensing requirements to meet the Criminal Record
Expungement Act pursuant to Sections 29-3A-1 through 29-3A-7 NMYSA 1978.
16.60.5.14 NMAC – Criminal Convictions
This new section
details the applicable criminal convictions that may disqualify an applicant
from receiving or retaining a license in regards to the Criminal Record
Expungement Act pursuant to Sections 29-3A-1 through 29-3A-7 NMYSA 1978;
defines the board will not disseminate criminal records that are unrelated to
the disqualifying event.