ISO/IEC 42001:2023 is rapidly becoming the global standard for Artificial Intelligence (AI ) governance. While it is a close cousin of ISO/IEC 27001:2022, ISO 42001—rather than focusing primarily on cyber and information security—takes a more holistic approach to risk management for AI systems.

Within a few months of their latest update to their Data Protection Requirements (DPR) to address a coding incident (version 9.1), Microsoft released a draft or “pre-read” for their version 10 requirements that will be utilized for its Supplier Security and Privacy Assurance (SSPA) process as of the 2025 fiscal year. Arguably the largest update to the DPR since September 2018, v10’s new mandates address artificial intelligence (AI) and include important references to ISO 42001 that suppliers may want to take advantage of during their next compliance cycle.

Underscoring the firm's commitment to responsible AI, this accreditation enables Schellman to certify organizations against the first global AI standard of its kind

Maybe you’ve seen the recent headlines—recent ones include “AI’s Energy Demands Are Out Of Control” (Wired), “AI brings soaring emissions for Google and Microsoft” (NPR), “AI emissions are fueling a new doomerism. This time it’s climate change” (Fortune), and “Artificial Intelligence Can Make Companies Greener, but It Also Guzzles Energy” (Wall Street Journal). Given the abundance of such press, it certainly seems as if the growing prevalence of AI across all platforms has sparked some climate controversy.

TAMPA, Fla. – August 21, 2024 – Schellman, a leading provider of attestation and compliance services and a top 50 CPA firm, is excited to welcome six distinguished leaders to its inaugural Advisory Board, marking a significant move to bolster leadership.

Ever been to a water park and gone down one of those enormous slides? If so, you likely remember there being a park lifeguard at the top of the slide and near the bottom to ensure your continued safety. But imagine if those employees weren’t trained in safety and first aid—of course, the ride was likely designed well and with other safeguards, but it would make for a serious oversight by the park to do all that while not also ensuring their employees keep guests safe.

This week marks the first anniversary of Schellman's Weekly Read—over the past year, we've sent a Friday email to subscribers containing links to our latest and greatest content. To mark the occasion—fifty-two straight weeks of thought leadership and compliance insight, we've put together the Schellman Weekly Read Top 5 Posts (as determined by most clicks).