Financing information

The body operates on the basis of contracts concluded with applicants and certificate holders and is financed from:

• performance of certification work;
• periodic assessment of certified products (surveillance).

Payment for work is made under the contract regardless of the result of certification or surveillance. Profit remaining after payments required by law is directed solely to the development of certification activities.

Staff salaries do not depend directly on the amount of the body’s revenue. The body provides the Impartiality Committee with information confirming that commercial, financial or other pressures do not compromise its impartiality.

The company and the body are able to cover their liabilities; a professional liability insurance policy has been issued. The procedure for determining the cost of work is set out in PSK-14 “Procedure for payment for certification work”.