CPA WORKFORCE CRISIS SOLUTIONS

This bill (HM 18) is a House Memorial requesting New Mexico’s state auditor to create a task force addressing the shortage of certified public accountants (CPAs) in the state. The task force, including state departments and stakeholders like the American Institute of CPAs, will study solutions such as integrating accounting into STEM education, expanding K-12 and college programs, and improving workforce training. It specifically aims to tackle barriers like the 150-hour education requirement and declining interest in accounting careers, with recommendations due by November 2025. The bill directly affects New Mexico’s CPA workforce, accounting employers, and students pursuing accounting careers.