Benefits of ISO 37001?
When bribery and corruption effect a business, it has massive impact.
Corruption is a serious issue that impacts many industries and sectors which can have the potential to ruin a business and leave employees redundant which can lead to mistrust, economic downturn, and instability.
When a business faces corruption, it experiences a negative impact on its name and reputation to the public, existing clients and potential business partners and clients.
The standard covers fraud, money laundering and bribery:
- Within the organisation, personally or business associates which are acting on the organisation's behalf or for their own benefit
- Of the organisation, its personnel or business associates in relation to organisational activity
What is ISO 37001?
ISO 37001 integrates a best practice approach for whistleblowing and has brought change to market dealings and business operations internationally and gives stakeholders the assurance that organisations are actively pursuing an internally recognised process to prevent bribery and corruption.
The anti bribery management system also allows your organisation to improve everyday performance by ensuring organisational culture focuses on transparency and suppress the risk of briber, this culture allows goals and objectives to be set which promote due diligence and the ability to monitor and evaluate to reduce the risk of bribery.
Protecting assets, shareholders and management from bribery and corruption is another benefit of the anti-bribery management standard. Bribery can affect the profit margin and is one of the most destructive habits which can affect any organisation.
ISO 37001 was designed with the capability of ensuring the prevention of bribery and addresses how bribery could occur.
The standard allows room for organisational growth and is formatted to ensure a good reputation and a positive working environment providing good employee morale.
How can Quadra help?
With three decades of experience, Quadra have developed a simple approach to implementing ISO standards such as ISO 37001.
Gap Analysis: Quadra will measure your organisations current systems and controls against the ISO 37001 requirements.
Action Plan: Planning will then take place for the key steps and milestones in the ISO 37001 implementation and certification process.
System Development: Key pieces of content will then be developed for the system e.g., business processes, risk management frameworks and controls, policy and objectives, policies and procedures.
Implementation Support: Quadra will provide your organisation with support to help build evidence of compliance with ISO 37001.
Preparation for External Audit: We can also assist with preparation for external audit by conducting internal audits and management reviews. As well as attending the certification audit.
Awareness and Internal Auditor Training: Quadra have over 30 years of experience in assisting clients with a range of training including ISO 37001 internal auditor and awareness training which would be provided in-house and tailored to your organisation specifically, for more information or to book, contact us.