1. The Board may by regulation prescribe, amend or repeal rules, including, but not limited to:
(a) A definition of basic requirements for continuing education;
(b) A delineation of qualifying programs;
(c) A system of control and reporting; and
(d) A program to ensure that licensees are maintaining the standards of the profession.
2. In exercising its power under this section, the Board shall establish standards which will assure reasonable currency of knowledge as a basis for a high standard of practice by certified public accountants. The standards must be established in a manner to assure that a variety of alternatives are available to certificate holders to comply with the requirements of continuing education for renewal of permits and must take cognizance of specialized areas of practice.