Binding regulations that require the same obligations this standard addresses. Implementing this standard can help satisfy these regulatory requirements.
ISO/IEC 23894 is the specialist AI risk guidance standard that extends the ISO 31000 risk management framework for AI-specific risks (bias, robustness, explainability failures). Regulators cite it as a reference for "state of the art" risk management when defining what compliant AI risk governance looks like.
Requirements
Requirement
Details
AI risk principles
Apply AI-specific risk management principles adapted from ISO 31000 Clause 4
Risk identification
Identify AI-specific risk sources including bias, robustness failures, explainability gaps, and misuse
Risk assessment
Assess likelihood and consequence of identified AI risks throughout the lifecycle
Risk treatment
Select and implement risk treatment options proportionate to identified risks
Monitoring and review
Continuously monitor AI risk posture and review risk management effectiveness
Recording and reporting
Document risk management activities, decisions, and outcomes
Lifecycle mapping
Apply risk management across the full AI system lifecycle per Annex C
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