At the Board's discretion, the Board shall audit the continuing competency documentation of a number of randomly selected licensees. The Board shall send notification of audit to audited licensees. A licensee is subject to an audit of the licensee’s continuing competency documentation by the Board as a condition of renewal of licensure. An audited licensee shall successfully complete the requirement of the audit by the specified deadline. The Board may take formal disciplinary action against the licensee if a licensee: Fails to cooperate with an audit or a request from the Board regarding continuing competency documentation; or Submits a false statement regarding continuing competency.