Special Topics in Accounting and Taxation

Iso
Special topics in accounting and

taxation
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A. First appearance.
 How this organization has been created?

It all began in 1946, when delegates from 25
countries met at the Institute of Civil Engineers
in London and decided to create a new
international organization to facilitate the
international coordination and unification of
industrial standards. Until February 26,1947 the
organization promotes worldwide proprietary,
industrial, and commercial standards.
 What difference did they made in their

debut?
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ISO was founded with the idea of answering a
fundamental question: what is the best way of
doing this?
In 1949, ISO moved into a small, private houses
in Geneva. In the early 1950s the Central
Secretariat has 5 members in staff.
In 1951, ISO first standards reference
temperature for industrial length
measurements, is published.
B. Worldwide
 What is the purpose of this organization?

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It is a global network of the world leading
standardizers; its job is to make
international standardization. Through their
members in 164 different countries, they
bring together experts from all over the
world to develop international
standardization. It is a non-profit
organization, selling their standards allow
them to finance their development in a
neutral environment, to maintain them, and
to new ones.
 What are the benefits of this international
organization?
a. Conforming to the standard set, help to
reassure consumers that businesses they
buy from are operating in a safe way,
producing reliable goods without unduly
harming the environment.
b. Economics benefits:
Research from many companies suggested
that these standards help to boost the
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economy. In the UK, $8.2billion is thought
to have been contributed to annual growth
in Growth Domestic Product (GDP).
c.Business benefits:
 Cutting cost through improvement
in systems and processes.
 Increasing customers satisfaction
with improvement in safety and quality.
 The ability to access new markets.
 Reducing the impact of environment
d. Consumer benefits:
 Consumer confidence can be increased
when they see the International
Standards logo.
 Increase confidence when it comes to
particular aspects of products is key too,
such as toy safety.
 Consumers are included in the process
of creating and writing International
Standards that are as broad as possible.
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 What are the key principles in standards
development?
 ISO standards respond to a need to the
market:
an industry sector or group communicates
the need for standard to its national
member who then contacts ISO.
 ISO standards are based on global
expert’s opinion:
ISO standards are developed by group of
experts from all over the world, whom
negotiate all aspects of the standard,
including its scope, key definition and
content.
 ISO standards are developed though a
multi-stakeholders process:
The technical committees are made up of
experts from the relevant industry, but also
from consumer association, academia,
NGOs and government.
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 ISO standards are based on a consensus:
Developing ISO standards is consensus-
based approach and comments from all
over stakeholders are taken into accounts.
Till date ISO has published more than 21,500

standards. Under these many standards there
are two types certifiable and non-certifiable
standard. Non-certifiable standard might be
just guidelines. The most popular standards
are:
1. ISO 9001- Quality Management
System: Is a set of standards that
helps organizations ensure they meet
customers and stakeholders needs.
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2. ISO 14000- Environmental
Management: It provide practical
tools for businesses to manage their
environmental responsibilities.
3. ISO 27000- Information Security
Management System (ISMS): helps
organizations to keep information
assets secure.
4. ISO 22000- Food Safety
Management System: allows a
company to show their costumers
that they have a food safety
management system in place.
ISO 9001
 What is ISO 9001?

ISO 9001 is defined as the international
standards that aims to provide a practical and
workable quality management system (QMS)
which focuses more on continual improvement
and customer satisfaction. Organizations use
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the standard to demonstrate the ability to
consistently provide product and services that
meet customer and regulatory requirement.
QMS will help you to focus on the important
areas of your business and provide efficiency.
The standard provides tools such as internal
audit and management review meeting which
are two tools for measuring improvements and
customer satisfaction.
 How to get an ISO 9001 certificate?

1. Application:
You raise an enquiry by filling an application
2. Consultation:
Based on your requirement they suggest
appropriate standard, cost, process and
time duration.
3. Gap Analysis:
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A keen observation and scrutinizing your
current system will lead to an excellent
road map for project completion.
4. Training:
The induction program for your employees
created awareness and importance of the
international standards.
5. Documentation:
We help end to end with all necessary
templates and documentation tailor made
to align with your system.
6. Internal audit:
Internal audit is the tool for improvement.
We help the process heads on conducting
an effective internal audit.
7. Management Review Meeting:
Top management commitment is very
important for successful implementation
and it is our responsibility to ensure it.
8. Pre-Audit Assessment:
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We provide 100% assurance on your
certification by preparing you to easily face
external audit.
9. External Audit:
External audit is just going to be a manual
inspection with our effective
implementation and consultation
technique.
Each certificate is valid for 3 years from the

date of the issue. During the 3 years period
of the validity, auditors from the certifier
return to verify that you are still meeting
the requirements of the standard. At
minimum, they will do an annual audit.
With the right preparation and a good

understanding, most organizations can
expect to achieve certification within 3 to 6
months depending on their size.
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The cost of this certification will depend on:
o $173 for a copy of ISO 9001 standard
o $350 for additional internal audit training
o $1000-1500/day for internal audit if you
choose to hire them.
o Registration $1500/day for registrar.
Certification typically takes 7 working

days.
 What are the benefits of this standard?
a. Increase credibility and
recognition
b. Increase revenues
c. Improved consistency
d. Increase customer satisfaction
e. Empowered employees
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Conclusion
ISO standards help to make product compatible

so they fit and work well with each other,
identify safety issues of products and services,
and share good ideas and solutions, and best
management practices.
In conclusion, ISO try their best to make the
world a better place in any possible way.
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References:
www.iso9001.com
www.isogov.com
www.certvalue.com
thank you.
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Special Topics in Accounting and Taxation

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Iso

Special topics in accounting and

 How this organization has been created?

 What difference did they made in their

 What is the purpose of this organization?

Till date ISO has published more than 21,500

 What is ISO 9001?

 How to get an ISO 9001 certificate?

Each certificate is valid for 3 years from the

With the right preparation and a good

Certification typically takes 7 working

ISO standards help to make product compatible

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