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ISO

ISO/TC 251/WG 5 - Finance

Finance

General Information

Status
Active
Work Field
Information technology
Parent
ISO/TC 251 - Asset management

Frequently Asked Questions

ISO/TC 251/WG 5 is a Working Group within the International Organization for Standardization (ISO). It is named "Finance". This committee has published 1 standards.

ISO/TC 251/WG 5 develops ISO standards in the area of Information technology. Currently, there are 1 published standards from this working group.

The International Organization for Standardization (ISO) is an independent, non-governmental international organization that develops and publishes international standards. Founded in 1947 and headquartered in Geneva, Switzerland, ISO brings together experts from 170+ member countries to share knowledge and develop voluntary, consensus-based standards that support innovation and provide solutions to global challenges.

A Working Group in ISO is a specialized group responsible for developing standards or technical work within a defined scope. These bodies bring together international experts to create consensus-based standards that support global trade, safety, and interoperability.

Standardization Organization
ICS
Directive
Mandate
50
ISO
ISO/TS 55010:2019(Main)
Asset management - Guidance on the alignment of financial and non-financial functions in asset management
SIST-TS ISO/TS 55010:2020

This document gives guidelines for the alignment between financial and non-financial asset management functions, in order to improve internal control as part of an organization's management system. Alignment of these functions will enable the realization of value derived from the implementation of asset management detailed within ISO 55000, ISO 55001 and ISO 55002, particularly ISO 55002:2018, Annex F. The guidance in this document is consistent with the requirements of ISO 55001 for an asset management system but does not add new requirements to ISO 55001 or provide interpretations of the requirements of ISO 55001. For an example of an organization aligning its asset management functions, see Annex F.

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