What is ISO 8000-116 - Authoritative legal entity identifiers about?
ISO 8000-116 specifies the requirements for representing Authoritative Legal Entity Identifiers (ALEI). These requirements supplement those of ISO 8000115.
The following are within the scope of ISO 8000-116:
- The requirements for the prefix element, a single sub-domain element, and the identifier element to represent authoritative legal entity identifiers
The following are outside the scope of ISO 8000-116:
- The methods used to create a legal entity identifier
- The syntax of the query and of the response used in the resolution of the representation of an authoritative legal entity identifier
- The methods used for the resolution of the representation of an authoritative legal entity identifier
Note: ALEIs are applicable to all types of legal entities, whether individuals or organizations.
Who is ISO 8000-116 - Authoritative legal entity identifiers for?
ISO 8000-116 on authoritative legal entity identifiers is useful for:
- Government authorities
- The banking industry
- The IT industry
- Quality control personnel
- Software programmers
Why should you use ISO 8000-116 - Authoritative legal entity identifiers?
The ability to create, collect, store, maintain, transfer, process and present information and to support business processes in a timely and cost-effective manner requires both an understanding of the characteristics of the information and data that determine its quality, and an ability to measure, manage and report on information and data quality. ISO 8000-116 defines characteristics of information and data that determine its quality and provides methods to manage, measure, and improve the quality of information and data. ISO 8000-116 is useful to perform the assessment in accordance with documented methods. It is important to document the tailoring of standardized methods with respect to the expectation and requirements pertinent to the business.
ISO 8000-116 includes parts applicable to all types of data, and parts applicable to specific types of data. ISO 8000-116 can be used independently or in conjunction with quality management systems. Identifiers are widely exchanged by governments and commercial companies to refer to data used to describe individuals, organizations, locations, goods, services, assets, processes, procedures, laws, rules and regulations. ISO 8000-116 makes it easier for the supply chain to obtain reliably the legal name, date of formation and status of trading partners. This reliability arises from having explicit traceability to the administrative agency that granted each organization legal status under the authority of a government.