Courtesy: ISO 37001 Anti-Bribery management systems ISO 37001 Anti-bribery management systems – Requirements with guidance for use, is a management system standard published by International Organization for Standardization (ISO) in 2016. As the title suggests, this standard sets out the requirements for the establishment, implementation, operation, maintenance, and continual improvement of an anti-bribery management system (ABMS). It also provides […]
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Courtesy: ISO 33001:2015 Information technology process assessment concepts and terminology ISO/IEC 33001:2015 provides a repository for key terminology relating to process assessment. It gives overall information on the concepts of process assessment, the application of process assessment for evaluating the achievement of process quality characteristics, and the application of the results of process assessment to […]
Courtesy: ISO 32000 Document management Government regulations require that companies working in certain industries control their documents. These industries include accounting (for example: 8th EU Directive, Sarbanes–Oxley Act), food safety (e.g., Food Safety Modernization Act in the US), ISO (mentioned above), medical device manufacturing (FDA), manufacture of blood, human cells, and tissue products (FDA), healthcare (JCAHO), and information technology […]
Courtesy: ISO 32000 Document management A document management system (DMS) is a system used to receive, track, manage and store documents and reduce paper. Most are capable of keeping a record of the various versions created and modified by different users (history tracking). In the case of the management of digital documents such systems are based on computer programs. […]
Courtesy: ISO 31000 Risk management internal auditor training In addition to information technology audit, internal auditors play an important role in evaluating the risk-management processes of an organization and advocating their continued improvement. However, to preserve its organizational independence and objective judgment, Internal Audit professional standards indicate the function should not take any direct responsibility for making […]
Courtesy: ISO 31000 risk management internal auditor training ISO 31000: the new International Risk Management Standard ISO 31000 is an International Standard for Risk Management which was published on 13 November 2009. An accompanying standard, ISO 31010 – Risk Assessment Techniques, soon followed publication (December 1, 2009) together with the updated Risk Management vocabulary ISO Guide […]
Courtesy: ISO 31000 Risk management internal auditor training ERM frameworks defined There are various important ERM frameworks, each of which describes an approach for identifying, analyzing, responding to, and monitoring risks and opportunities, within the internal and external environment facing the enterprise. Management selects a risk response strategy for specific risks identified and analyzed, which may include: […]
Courtesy: ISO 31000 Risk management internal auditor training The chosen method of identifying risks may depend on culture, industry practice and compliance. The identification methods are formed by templates or the development of templates for identifying source, problem or event. Common risk identification methods are: Objectives-based risk identification – Organizations and project teams have objectives. Any […]
Courtesy: ISO 31000 Risk management internal auditor training Principles The International Organization for Standardization (ISO) identifies the following principles of risk management: Risk management should: Create value – resources expended to mitigate risk should be less than the consequence of inaction Be an integral part of organizational processes Be part of decision-making process Explicitly address uncertainty and assumptions Be […]
Courtesy: ISO 31000 Risk Management internal auditor training Opportunity cost represents a unique challenge for risk managers. It can be difficult to determine when to put resources toward risk management and when to use those resources elsewhere. Again, ideal risk management minimizes spending (or manpower or other resources) and also minimizes the negative effects of […]