We are committed to developing ourselves and our professional capabilities, skills, and behaviors. CPD is one of the ways we maintain and enhance our competence. It is recommended that CPE courses be focused on the type of engagements, industries, and procedures relevant to each employee's daily operations.

Our partners are also subject to the CPE requirements of AICPA for every partner who signs and issues the reports purported to be prepared in compliance with AICPA auditing standards. This means that our engagement partners are also subject to AICPA CPE requirements.

Our partners are also subject to CPE requirements established by the state board of accountancy of each state, including the requirement related to the minimum number of ethics-related CPE credits. It is required to complete at least the minimum mandatory CPE hours. The compliance with these requirements is tracked using the NASBA CPE Audit tool. We keep CPE records for the most recent 5 years.

CPD helps us to ensure that we have:

• Remain informed about relevant ethical and independence requirements; and
• Stay updated on new accounting standards, auditing techniques, and industry developments.

We believe in the spirit of the CPE requirements that:

• (a) CPE hours in excess of the prior period
• (b) any hours specifically worked to compensate for the shortfall in the prior year
• (c) CPE from sources not included in the list of NASBA-approved providers

All should be considered when evaluating whether the current year requirements have been met.