on Becker 2012, a2-8 it says" lead partner and reviewing partner must rotate off the audit every five year and are subject to a five -year time out period before returning to the engagement" , what does that mean? Can someone be more specific?
Here is what I understand: suppose, I am the lead partner, and I audit AAA company, from year 1 to year 5, then I can only go back to audit AAA company on year 11? PLease help. Thanks.