ISO 37001
International standard for anti-bribery management systems
ISO/IEC 42001:2023
International standard for AI management systems
Quick Verdict
ISO 37001 establishes anti-bribery management systems to prevent corruption globally, while ISO/IEC 42001:2023 governs AI responsibly across lifecycles. Companies adopt them for certification, risk mitigation, regulatory alignment, and stakeholder trust in high-risk operations.
ISO 37001
ISO 37001: Anti-Bribery Management Systems
Key Features
- Risk-based bribery assessment and proportionate controls
- Mandatory third-party due diligence and monitoring
- Leadership commitment and compliance function requirement
- PDCA cycle for continual ABMS improvement
- Internationally certifiable management system standard
ISO/IEC 42001:2023
ISO/IEC 42001:2023 Artificial Intelligence Management System
Key Features
- PDCA-based framework for AI lifecycle governance
- Mandatory AI Impact Assessments for high-risk systems
- Annex A with 38 AI-specific controls
- Seamless integration with ISO 27001 and 9001
- Third-party AI supplier risk management
Detailed Analysis
A comprehensive look at the specific requirements, scope, and impact of each standard.
ISO 37001 Details
What It Is
ISO 37001: Anti-Bribery Management Systems is an international certifiable standard for establishing, implementing, and improving an Anti-Bribery Management System (ABMS). It applies to all organization types and sizes, focusing on preventing, detecting, and responding to bribery risks through a risk-based PDCA (Plan-Do-Check-Act) approach, covering direct/indirect bribery by/for the organization and associates.
Key Components
- Clauses 4-10: context, leadership, planning, support, operation, evaluation, improvement.
- Core controls: policy, risk assessment, due diligence, financial/non-financial controls, training, reporting/investigations.
- Built on ISO Harmonized Structure for integration with standards like ISO 9001.
- Third-party certification with audits.
Why Organizations Use It
- Mitigates legal risks (e.g., FCPA, UK Bribery Act) via evidentiary "reasonable steps".
- Builds reputational trust, stakeholder confidence, ESG alignment.
- Delivers 15% compliance cost reductions, operational efficiencies.
- Enables market access, competitive tenders.
Implementation Overview
- Phased: gap analysis, risk assessment, controls design, training, audits.
- Scalable for SMEs to multinationals, all sectors/geographies.
- Optional certification via accredited bodies; transition to 2025 version by 2027.
ISO/IEC 42001:2023 Details
What It Is
ISO/IEC 42001:2023 is the world's first international standard for Artificial Intelligence Management Systems (AIMS). It provides requirements to establish, implement, maintain, and improve AIMS, managing AI risks and opportunities responsibly. Applicable to any organization using or providing AI, it uses Plan-Do-Check-Act (PDCA) methodology and High-Level Structure (HLS) for integration with other ISO standards.
Key Components
- Clauses 4-10 cover context, leadership, planning, support, operation, evaluation, and improvement.
- Annex A lists 38 AI-specific controls across 10 themes like data governance, transparency, and resiliency.
- Built on PDCA and HLS; supports certification via third-party audits.
Why Organizations Use It
- Mitigates AI risks (bias, ethics, drift) while enabling innovation.
- Aligns with regulations like EU AI Act; enhances trust and compliance.
- Delivers competitive edges via reputation, procurement advantages, and insurance savings.
Implementation Overview
- Phased gap analysis, risk assessments, training, and audits.
- Suited for all sizes/sectors; 6-12 months typical, faster with existing ISO systems like 27001.
Key Differences
| Aspect | ISO 37001 | ISO/IEC 42001:2023 |
|---|---|---|
| Scope | Bribery prevention, detection, response | AI lifecycle governance, ethics, risks |
| Industry | All sectors, high-risk like extractives | All sectors, AI developers/users/providers |
| Nature | Voluntary certifiable management standard | Voluntary certifiable management standard |
| Testing | Annual audits, surveillance every 12-24 months | Two-stage audits, annual surveillance, AIIAs |
| Penalties | Certification loss, no direct legal penalties | Certification loss, no direct legal penalties |
Scope
Industry
Nature
Testing
Penalties
Frequently Asked Questions
Common questions about ISO 37001 and ISO/IEC 42001:2023
ISO 37001 FAQ
ISO/IEC 42001:2023 FAQ
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