STANDARDS, QUALITY AND RISKS

• DOI: 10.37572/EdArt_3010239891

• Palavras-chave: global market, standards on financial statements, standard on quality, standard on risk management

• Keywords: global market, standards on financial statements, standard on quality, standard on risk management

• Abstract:

  Standards are applicable to any kind of activity and their objective is a kind of performance aiming to apply an ordered system to repetitive functions that take place in the context of industry, technology, science and economy. According to the WTO agreements (mainly TBT - Technical Barriers to Trade) standards can stimulate international comparability eliminating obstacles arising from some different national practices. In a global economy, having so different expectations from all stakeholders, without standardization, it would be too difficult to manage their different perspectives. Objective: This study considers standardization related either to the financial statements through IFRS and ISA, or to the product/service through ISO 9001 or to the risk of companies through ISO 31000. From this quality management system implemented under ISO 9001 an entity can as well use an ISO 31000– responsible for the risk management. Methodology: empirical evidence and qualitative analysis. A case study - about ISO 31000 associated to ISO 9001, in a municipality of Maia in Porto, Portugal, will be achieved, describing the main steps of its implementation. Results: as a final issue the main guidelines of ISO 31000 implementation are displayed. As to the other referred standards one may conclude as well that they are a sound and good management tool.

• Número de páginas: 17