Volkov Law – The ISO recently issued a new standard governing internal investigations, but is the guidance meaningful?
I was a critic of ISO 37001 for anti-corruption compliance, because of its over-generalization and failure to provide more specific guidance on important issues. So, I am coming to this new one with a disclosed bias. First, I am not convinced that the new ISO standard provides any meaningful guidance. Second, ISO standards on compliance and internal investigation topics provide organizations that “meet” such standards with a false sense of comfort. Third, ISO certification has created its own industry of private “certifiers” who charge companies money to review their program and decide whether to not to certify the company as satisfying the specific standard.
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