Which of the Following Statements Is False Regarding Partner Rotation

Multiple Choice

Which of the following statements is false regarding partner rotation and audit firm rotation?

A) During a cooling off period, the individual or audit firm may not engage in any meaningful audit-related interactions with the client.
B) Rules are the same internationally regarding the terms of mandatory partner rotation and mandatory audit firm rotation.
C) The issue associated with mandatory partner or audit firm rotation is the familiarity threat.
D) Having a longstanding relationship with the client could aid audit quality because of the knowledge that the partner and members of the engagement team gain through time.