International Organization for Standardization

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International Organization for Standardization

ISO is not an acronym but the name of a standards setting organization chartered by the United Nations. The name ISO is derived from Greek and connotes equality, i.e. each member country regardless of size or wealth gets only one vote. The ISO 4217 are the standard three letter currency codes. These codes are usually composed of the ISO 3166 two letter country code plus a third letter representing the name of the currency.

International Organization for Standardization

A non-governmental organization that sets standard codes for countries and currencies. ISO sets the ISO 3166 codes for countries and provinces, which are used in international banking transactions and shipping. Likewise, it sets the ISO 4217 codes for individual currencies. ISO has its headquarters in Geneva, Switzerland, and, because its standards are usually adopted into the law of member states, it is more powerful than most other NGOs.
References in periodicals archive ?
Here is the salient excerpt from FERC's December 2000 order dissolving the ISO board: ``(Our) November 1 order found that the ISO Governing Goard, unable to reach decisions on complex and divisive issues, had become ineffective.
The ISO may also perform background checks, maintain an attendant registry, and provide skills and self-advocacy training for consumers and direct care skill training, as needed, for attendants.
The qualification of an ISO under this restriction can be determined when the ISO is granted, since the fair market value of the shares subject to an ISO at the time of exercise is not relevant to this determination.
We are far stronger and much more efficient because of the ISO 9001 program.
However, because the gain is based on the amount realized on the sale (and not on the value of the stock on the ISO exercise date), the AMT adjustment does not apply.
Their suppliers, that have already obtained third party registration to the ISO 9000 Standard, must also verify that QS-9000 requirements (which go beyond ISO 9000) are effectively incorporated in the supplier's existing quality system.
The registration process begins with an examination of the company's prevailing quality-management practices and quality-control objectives in the context of the ISO framework.
Therefore, the ISO 9000/QS 9000 scope of registration will have to be general and all-embracing.
At its Emigsville, Pennsylvania, plant, which makes plastic connectors for computers, employees claimed the defect rate fell from 30% to 8% as a result of participating in the ISO 9000 program.
The ISO registrations are for quality assurance systems used to manufacture methyl chloride, methylene chloride and chloroform at Wichita and methyl chloride, ethylene dichloride and 111-trichloroethane at Geismar.
The legislation lays an important foundation for resolving the ISO AMT crisis and addresses a severe inequity within the tax code.