Business Environment and Internal Control Factors (BEICFs)
Over a time, the process and the outcomes of BEICFs should be validated through comparison to actual internal loss experience, relevant external data, and appropriate adjustments made.
Business Environment and Internal Control Factors (BEICFs)
Over a time, the process and the outcomes of BEICFs should be validated through comparison to actual internal loss experience, relevant external data, and appropriate adjustments made.