The Regulatory Setting
However, not all activities are covered by regulatory instruments. It may be business expectations rather than legal requirements which drive the need for audit.
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ISO is the International Organization for Standardization which has developed standards covering a huge range of industries and activities. Some of these standards are applicable across multiple arenas, such as ISO 9001. Others are much more specific to a particular industry, such as ISO 7314 which would only be applicable to the aerospace industry.
ISO standards are internationally recognised and organisations are inspected by national member bodies to ensure they meet the required standards.
Individual countries also have their own standards bodies, such as the BSI (British Standards Institute) in the UK. They are responsible for publishing, and ensuring compliance to specific domestic standards.
