In order to safeguard independence of the firm,partners and managers of public accounting firms must go through a cooling off period prior to taking a high level position of employment with a public client company.

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This is true as per the rules and regulations of various accounting bodies and professional associations to maintain independence and objectivity in the auditing and accounting services provided by public accounting firms. The cooling off period typically varies from one to two years depending on the level of position and involvement with the client company.

In Order to Safeguard Independence of the Firm,partners and Managers