ISO Standards Applicability and a Case Study About ISO 31000 in a Portuguese Municipality
American Journal of Theoretical and Applied Business
Volume 4, Issue 4, December 2018, Pages: 102-111
Received: Dec. 4, 2018; Accepted: Dec. 26, 2018; Published: Jan. 25, 2019
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Alcina de Sena Portugal Dias, Porto Accounting and Business School, Polytechnic Institute of Porto (IPP), Porto, Portugal
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This study aims to consider the applicability of standards as to the financial statements of any organization. For this goal it will consider IFRS, ISA and ERM or ISO 31000. The methodology of this paper relates to a case study achieved under a mixed qualitative/quantitative perspective in a Portuguese Municipality which uses most of these standards (IFRS, ISA and risk standards). This project has to do with the implementation of a Risk Management Plan, under ISO 31000, and all the steps of its process are explained. As a final result one may conclude that risk, if duly and well seized, in any organization either public or private, may become an opportunity to better face the future.
IFRS, ISA, ERM, ISO 31000, Risk Prevention, Audit, Municipality
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Alcina de Sena Portugal Dias, ISO Standards Applicability and a Case Study About ISO 31000 in a Portuguese Municipality, American Journal of Theoretical and Applied Business. Vol. 4, No. 4, 2018, pp. 102-111. doi: 10.11648/j.ajtab.20180404.11
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