Another of my clients requested waiver from this requirement.

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The bill stops short, however, of forcing audit firms to rotate their clients every few years, a requirement that is now being mooted in Britain.

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The Dodd Frank legislation aimed to change this, by requiring the Securities and Exchange Commission to study the possibility of having something called the fiduciary standard, that is, the requirement to act in their clients best interests, apply to all sellers of financial services, not just investment advisers as the law currently reads.

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The compromise resulted in shorter tenures for lead audit partners and more detailed rules for other members of the engagement team instead of the audit firm rotation requirement, considered more onerous by the industry and its clients.

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Onlive, a Cloud gaming startup, is one company which is attempting to remove the underlying requirement of powerful graphic processing by shifting it to Cloud and streaming the processed data to clients over a high speed Internet connection.

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Clients need to determine set metrics (economic, operational and service) with direct linkage to specific mission requirement(s).

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