Mazars welcomes the publication of the new International Standard in bribery risk management – ISO37001.

At the London Anti-Corruption Summit in May this year David Cameron referred to the “cancer of corruption” as a major inhibitor to global prosperity. Sir Eric Pickles, the UK Anti-Corruption Czar, echoed those views calling corruption “The greatest enemy of progress in our time”.

Following wide adoption of the British Standard Anti-Bribery Management System (BS:10500) by organisations seeking to manage bribery risks, the British Standards Institution proposed the development of this new International Standard in 2013. Mazars has been involved throughout the three year development of the Standard which has involved delegations from some 40 countries and liaison organisations.

This new Standard takes the form of similar ISO management system standards such as ISO 9001 and ISO 27001 and encourages organisations to embed the management of bribery risks into existing processes and procedures alongside any other adopted ISO Standards.

Howard Shaw, Mazars Head of Anti-Corruption services and Head of the UK Delegation to the ISO Committee that created the new Standard, said, “Although companies that actively manage bribery risk, in particular those that have adopted the British Standard, will be keen to align themselves with the new International Standard, the ISO committee was very careful to ensure that it could be adopted by any type of organisation, large or small, private or public. We think that this new Standard will be well received and quickly become the universal benchmark for the design of anti-bribery programmes anywhere in the world.”

Mazars will host the official UK launch of ISO 37001 on 27 October in central London.