Mighty officials even went to the NBI and DOJ offices today to convey the same posture of cooperation with the governments tax collection effort.
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We sat down with V&V expert Byron Larson, president of Toltec Ventures LLC, to discuss the latest trends in validation and verification.
Food and Drug Administration (FDA) and international regulatory standards continue to evolve and become more stringent.
The words "verification" and "validation" are sometimes preceded with "independent", indicating that the verification and validation is to be performed by a disinterested third party. The PMBOK guide, a standard adopted by IEEE, defines them as follows in its 4th edition: In the development phase, verification procedures involve performing special tests to model or simulate a portion, or the entirety, of a product, service or system, then performing a review or analysis of the modeling results.
"Independent verification and validation" can be abbreviated as "IV&V". In the post-development phase, verification procedures involve regularly repeating tests devised specifically to ensure that the product, service, or system continues to meet the initial design requirements, specifications, and regulations as time progresses.
Fortun said this procedure cannot undo the invalid raid conducted with the help of mission orders issued to the BOC as all items confiscated are now tainted for being fruits of an unlawful seizure order and LOA.
This notwithstanding, mighty had expressed its willingness to cooperate and pay taxes based on BIR assessments found both accurate and fair.