Once public accountants (PAs)retire from a firm,they are no longer required to maintain independence from former clients.

Question

Quizplus · Accepted Answer

Even after retirement, public accountants may have continuing financial interests or relationships that could impair their independence with respect to services performed while they were active in the firm, thus they are still required to maintain independence from former clients to uphold the integrity of their previous work.

Once Public Accountants (PAs)retire from a Firm,they Are No Longer