To maintain that license, CPAs must undergo 80 hours biennially of continued professional education (CPE).
The CalCPA Education Foundation's revenue comes from providing CPAs CPE via conferences, courses, webcasts, on demand, onsite training and more.
In 1965, Arthur Sargent, former CalCPA executive director, suggested the formation of a foundation under which the professional development program could flourish.
An ad hoc committee, chaired by Tindall Cashion, was appointed to investigate the feasibility of establishing a separate foundation.
In March 1966, the board approved the articles of incorporation and the bylaws of the new nonprofit corporation, and the California CPA Foundation for Education and Research was born.