The Standards Institution is an audited body corporate
2. The Standards Institution of Israel (in this Law: the Institution) is a body corporate competent for every right, obligation and legal act and it is audited by the State Comptroller.
The Institution's objectives
2A. The purpose of the Institution is to formulate Standards and to assure proper product quality by formulating Standards or otherwise, and it may - inter alia - carry out research, surveys and tests of materials, products and installations, approve specifications and technical rules and encourage their use, supervise the production of commodities according to the rules it made and also gather, classify and distribute information.