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ISO Standards Applicability and a Case Study About ISO 31000 in a Portuguese Municipality

Received: 4 December 2018     Accepted: 26 December 2018     Published: 25 January 2019
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Abstract

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.

Published in American Journal of Theoretical and Applied Business (Volume 4, Issue 4)
DOI 10.11648/j.ajtab.20180404.11
Page(s) 102-111
Creative Commons

This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.

Copyright

Copyright © The Author(s), 2019. Published by Science Publishing Group

Keywords

IFRS, ISA, ERM, ISO 31000, Risk Prevention, Audit, Municipality

References
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  • APA Style

    Alcina de Sena Portugal Dias. (2019). ISO Standards Applicability and a Case Study About ISO 31000 in a Portuguese Municipality. American Journal of Theoretical and Applied Business, 4(4), 102-111. https://doi.org/10.11648/j.ajtab.20180404.11

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    ACS Style

    Alcina de Sena Portugal Dias. ISO Standards Applicability and a Case Study About ISO 31000 in a Portuguese Municipality. Am. J. Theor. Appl. Bus. 2019, 4(4), 102-111. doi: 10.11648/j.ajtab.20180404.11

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    AMA Style

    Alcina de Sena Portugal Dias. ISO Standards Applicability and a Case Study About ISO 31000 in a Portuguese Municipality. Am J Theor Appl Bus. 2019;4(4):102-111. doi: 10.11648/j.ajtab.20180404.11

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  • @article{10.11648/j.ajtab.20180404.11,
      author = {Alcina de Sena Portugal Dias},
      title = {ISO Standards Applicability and a Case Study About ISO 31000 in a Portuguese Municipality},
      journal = {American Journal of Theoretical and Applied Business},
      volume = {4},
      number = {4},
      pages = {102-111},
      doi = {10.11648/j.ajtab.20180404.11},
      url = {https://doi.org/10.11648/j.ajtab.20180404.11},
      eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ajtab.20180404.11},
      abstract = {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.},
     year = {2019}
    }
    

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Author Information
  • Porto Accounting and Business School, Polytechnic Institute of Porto (IPP), Porto, Portugal

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