What does ISO 42001 cost?
The costs vary. They depend on your company size, AI complexity and whether you hire a consultant. ISO 42001 is comparable to ISO 27001 in terms of investment.
Rule of thumb for SMEs: Count on €15,000 - €35,000 in the first year, then €3,000 - €7,000 per year.
Cost items overview
Certification audit (year 1) € 6.000 tot € 12.000
Surveillance audit (per year) € 2.000 tot € 4.000
Recertification (every three years) € 5.000 tot € 10.000
Consultant (optional) € 10.000 tot € 25.000
Not on the axis, as there is no fixed amount: Training (€500 - €2,500 per person); Internal hours (150 - 300+ hours).
Price indication per company size
- First year
- Annually thereafter
Small (up to 20 FTE) First year: € 10.000 tot € 25.000 Annually thereafter: € 2.000 tot € 4.000
Medium (20-100 FTE) First year: € 25.000 tot € 50.000 Annually thereafter: € 4.000 tot € 7.000
Large (100+ FTE) First year: € 40.000 tot € 80.000+ Annually thereafter: € 7.000 tot € 15.000+
Prices indicative, excl. VAT, including consultant and internal hours.
What influences the price?
Five factors determine your costs:
- Number of AI systems (more = more audit time)
- AI complexity (own development vs purchased tools)
- Number of employees (scope of the AIMS)
- Current maturity (starting from scratch is more expensive than optimizing)
- Certification body's choice (prices vary 20-40%)