NM Statute TITLE 16, CHAPTER 60, PART 4, SECTION 11.G
The board will allow up to a total of 24 hours of CPE credits for firm peer review program participation. Hours may be earned and allocated in the calendar year of the acceptance letter for the firm's CPAs participating in the peer review.
(1) firms having an engagement or report peer review will be allowed up to 12 hours of CPE credits.
(2) firms having a system peer review will be allowed up to 24 hours of CPE credits.
(3) firms having a system peer review at a location other than the firm's office shall be considered an off-site peer review and will be allowed up to 12 hours of CPE credits.
(4) the firm will report to the board the peer review CPE credit allocation listing individual firm CPAs and the number of credits allotted to each CPA. Individual CPAs receiving credit based upon a firm's report to the board may submit firm-reported hours in their annual CPA report forms to the board. If CPE credits will not be used, no firm report will be necessary.