Rule 201 of the General Standards of the Code of Professional Conduct defines professional competence in which of the following ways?

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Rule 201 of the General Standards of the Code of Professional Conduct defines professional competence as "the ability to identify relevant ethical issues, to exercise professional judgment in addressing these issues, to work with professional skepticism, and to demonstrate sufficient technical knowledge." Part of demonstrating sufficient technical knowledge is accepting only those engagements that the firm's members can competently perform. While adequate planning and supervision of professional performance and sufficient collegiate and continuing professional education are important factors in maintaining professional competence, they are not the sole definition according to the Code of Professional Conduct.