Recently, the Joint Accreditation System of Australia and New Zealand (JAS-ANZ) finalised their Asset Management Systems Scheme (AMS Scheme) in order to provide requirements for bodies providing audit and certification of Asset Management Systems to ISO 55001 specifications (known as Conformity Assessment Bodies or Certification Bodies (CAB’s)). The AMS Scheme was developed in cooperation with the Asset Management Council, and is being made available to Members so that those who are thinking of applying for Certification to ISO55001 clearly understand the obligations of both CAB’s and themselves during the certification process.

The basis of the AMS Scheme can be broken down into four major parts: general requirements, requirements for determining audit durations, requirements for the report’s content, and requirements for the application of ISO 55000 and ISO 55002. A description of each section can be found below.  

General Requirements

Among the general requirements, the JAS-ANZ AMS Scheme highlights various resource requirements, information requirements, and process requirements in order for certification bodies to complete an audit. One of the major resource requirements is the authentication of personnel on the auditing body. The AMS Scheme document states that at least one person on the audit team must have “demonstrated the knowledge and comprehension specified in the GFMAM, Section 4, GFMAM Competency Specification for an ISO 55001 Asset Management System Auditor/Assessor”. It further states that a “Certificated Asset Management Assessor (CAMA) certification is recognized by GFMAM Member bodies as demonstrating an auditor’s knowledge and comprehension”. This is a major accomplishment for the Asset Management Council, as it is among the first times CAMA certification is recognized as an internationally leading benchmark for asset management knowledge.

Requirements for audit duration 

The AMS Scheme states that the internal audit duration shall be dependent on the amount of critical assets within an organisation’s possession in relation to the complexity categories of those assets. Complexity categories rank from limited to high – limited being assets that are low in nature and impact such as organisations with an office-type environment, and high being with complex and varied assets with high criticality as dependant on factors such as cost,  age, value, regulatory requirements, etc. Among other requirements for determining audit durations, the AMS Scheme highlights requirements for the methodology, surveillance, recertification, and more.

Requirements for report content

A key function of an audit is to provide assurance for top-level management that their organisation’s Asset Management System is in compliance with the Strategic Asset management Plan and the requirements of ISO 55001; this must be done in an organised and succinct manner. Therefore, the AMS Scheme asserts that no Executive Summary should be more than 2-3 pages in length, and the items as follows should be addressed, but do not represent a comprehensive list:

    • System performance summary
    • Information processes
    • Information management
    • Decision making and derivation of value
    • Top management’s fulfilment of requirements
    • Implementation
    • Relevant findings
    • Strengths of system
    • Situations with negative impact
    • Formal audit conclusion
    • Diverging opinions

Note: there are different requirements for an audit summary, which can be found by downloading the full document through the link at the bottom of this page.

Requirements for the application of ISO 55000 and ISO 55002

The final section of the JAS-ANZ AMS Scheme highlights the specific clauses within ISO 55002 and ISO 55000 that are “indispensable” for an auditor when certifying an organisation based on ISO 55001. While there are multiple clauses extracted from the ISO series that can be viewed in the full JAS-ANZ document, one initial example is clause ISO 55002 clause, which states that “the links between an organizational plan the SAMP should be two-way, and should be developed through an iterative process”.


Overall, this AMS Scheme document will become a leading regulation for assuring certification bodies are aligned to regulated standards. The Asset Management Council is proud to acknowledge that this JAS-ANZ AMS Scheme recognizes CAMA certification as a benchmark for standardized asset management knowledge, and we would like to acknowledge that all guidelines within the AMS Scheme align with the Asset Management Council’s “Framework for Asset Management” document.

Please click here to download the full JAS-ANZ AMS Scheme document: here

For more information, please email the Asset Management Council at