What is ISO 37001 and ISO 31000

RAJ STARTUP
4 min readJun 11, 2021

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This is an Anti-Bribery Management System

ISO 37001 is a new international standard designed to help organizations implement anti-bribery management systems. It specifies a range of measures that your organization can implement to help prevent, detect and address bribery.

The common structure has been follow by of ISO 37001 for management system standards for easy integration with ISO 9001 for example.

ISO 37001 requirements that address two key areas:

Bribery by the organization, its personnel or business associates for their own benefit

Bribery of the organization, its personnel or business associates in connection with its activities

What is ISO 31000 Enterprise Risk Management System?

ISO 31000-Enterprise Risk Management System:

First, risk is the possibility of any positive or negative event that could affect desired outcomes. Risk conditions may lead to deviations from expected events, risk may have a negative or positive effect on circumstances, risk may have an impact on a variety of issues, As can be expected at various levels such as financial, physical, environmental, or Every organization wants to be successful, but there are many internal or external factors that create uncertainty.

These factors causing uncertainty for the firm are called risk.

The activities of firms that produce goods or services are always at risk, regardless of the sector in which they operate.

The important thing is to recognize these risks and take possible measures before they happen.

Many activities of an organization involve risk. Organizations identify, analyze and manage the risks they may face by assessing whether they will replace the risk by conducting a risk assessment. It is a published international standard published by the ISO organization that sets out risk management. The purpose of the standard is to provide general methods and rules for risk management.

ISO 31000 standards can be applied to various activities of an organization as long as it exists. In these strategies, it is possible to apply these standards to all types of risks in business processes, management decisions, projects, implementation directions.

Also Read- Types of ISO certification

An organization can use ISO 31000 Enterprise Risk Management System standards to streamline its existing risks or risks that they will face in the future and adapt its documentation accordingly. As a result, these standards are not intended to be a direct document and to provide a general view of the specific standards that relate to specific risks.

By applying ISO 31000 risk management principles and guidelines to your company, you will increase operational efficiency, management and shareholder confidence, and reduce losses. This international standard helps you to reinforce health and safety performance, provides a solid foundation for decision making and encourages proactive management in all areas.

What is the process of certification the ISO 31000 Enterprises Risk Management system?

A certification process of ISO 31000 Enterprise Risk Management System:

Firstly, corporate risk management is not something to be ignored for any company, small or large. Already, many organizations have already put in place measures for specific risks. The challenge for all companies is to integrate good practice into their daily operations and apply their corporate methods to a wider angle.

The 31000 ISO certification Risk Management Standard defines requirements for effective risk management in enterprises, which can be applied to planning, management activities and communication processes in the public, private or social sectors, aimed at operational efficiency, management and shareholder trust. to increase and reduce all kinds of losses. A management system is standard.

By applying ISO 31000 risk management principles and guidelines to your company, you will increase operational efficiency, management and shareholder confidence, and reduce losses. This international standard helps you to reinforce health and safety performance, provides a solid foundation for decision making and encourages proactive management in all areas.

The ISO 31000 Enterprise Risk Management System standards published in 2009 provide guidance to organizations in creating this systematic framework. It is easy and healthy to establish risk management principles in an organization and create the necessary infrastructure for accurate risk analysis and risk impact analysis to ISO 9001 standards.

This standard does not expect any certification work, but companies want to gain reputation by showing that they have integrated and implemented this system. Of course, in this case, certification bodies perform certification functions for the requesting organizations. Like all other quality systems, there are two steps involved in this certification process.

And from the beginning the ISO certification body initiates the examination through the documentation prepared by the company during the system installation works. Meanwhile, if there are any deficiencies or non-discriminations, they will be rectified.

In the second phase of the study, the certification body sends auditors to the company and monitors the system installed and implemented at the site.

The auditors prepare a report as a result of their observations and the certification body makes a decision on this report. If nothing is wrong, it generates ISO 31000 Enterprise Risk Management System certificate and delivers to the company.

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