Updated COBIT Framework Reduces IT Risks and Improves Compliance.ROLLING MEADOWS Rolling Meadows, city (1990 pop. 22,591), Cook co., NE Ill., a suburb of Chicago; inc. 1955. There is research and development and the manufacture of office supplies and electronic components. , Ill. -- The IT Governance Institute (ITGI ITGI IT Governance Institute ITGI Iffco-Tokio General Insurance Company (India) ) announced today the publication of COBIT (Control OBjectives for Information and related Technology) A business-oriented set of standards for guiding management in the sound use of information technology from the Information Systems Audit and Control Association (ISACA) (www.isaca.org). 4.1, an update to the COBIT (Control Objectives for Information and related Technology) IT governance framework, which provides an authoritative, international set of generally accepted practices that helps boards of directors, executives and managers increase the value of IT and reduce related risks. Used widely as a tool for compliance with Sarbanes-Oxley and many other global standards, COBIT predates the control legislation being enacted around the world. It is a product of 15 years of research and cooperation among global IT and business experts, and is an international unifying framework that integrates all of the main global information technology standards, including ITIL (Information Technology Infrastructure Library, www.itil.co.uk) One of the more comprehensive as well as non-proprietary and publicly available sets of guidelines for "best practice" IT services management, owned by the British Office of Government Commerce (OGC). , CMMI See CMM. and ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. 17799. The new version of the framework is available as a free download from the nonprofit, independent ITGI at www.itgi.org. COBIT 4.1 is an update to the globally accepted framework that ensures that IT is aligned with business goals, its resources are used responsibly, and its risks are managed appropriately. It represents a fine-tuning of the COBIT 4.0 framework and can be used to enhance work already performed based on earlier versions of COBIT. The updates in COBIT 4.1 include enhanced performance measurement, improved control objectives and better alignment of business and IT goals. "COBIT is the only management framework that addresses the complete life cycle of IT investment. The framework supports IT's achievement of business objectives, ensures business IT alignment, and improves IT efficiency and effectiveness," said Roger Debreceny, chair of ITGI's COBIT Steering Committee steer·ing committee n. A committee that sets agendas and schedules of business, as for a legislative body or other assemblage. steering committee Noun . "COBIT 4.1 is built upon practical guidance from managers around the world who use the framework to improve IT governance in their organizations, so it has been road tested and validated." In addition to COBIT 4.1, ITGI released today three companion publications available through the ISACA (Information Systems Audit and Control Association, Rolling Meadows, IL, www.isaca.org) A membership association dedicated to information systems auditing and security. Founded as the EDP Auditors Association in 1969, ISACA provides certification in auditing and security (see CISA and CISM). Bookstore (www.isaca.org/bookstore): * COBIT Control Practices, 2(nd) Edition--This book contains control practice that are improved and aligned with COBIT 4.1. The control practices are action-oriented and provide "why do it?" arguments in the form of value to be obtained and risks to be avoided. * IT Governance Implementation Guide: Using COBIT and Val IT Val IT is a suite of documents that provide a framework for the governance of IT investments, produced by the IT Governance Institute (ITGI). It is a formal statement of principles and processes for IT portfolio management. , 2(nd) Edition--This publication provides a detailed road map for establishing effective IT governance in an organization, with guidance on how COBIT and Val IT can support these activities. It also features an enhanced explanation of governance project scoping. * IT Assurance Guide: Using COBIT--Replacing the Audit Guidelines, this book offers guidance on how COBIT can support a variety of assurance activities and how an assurance review can be performed for each of the IT processes. About ITGI The nonprofit, independent IT Governance Institute (ITGI) (www.itgi.org) was established by ISACA in 1998 to advance international thinking and standards in directing and controlling an enterprise's information technology. ITGI developed COBIT and Val IT, and offers original research and case studies to assist enterprise leaders and boards of directors in their IT governance responsibilities. About COBIT The COBIT framework is internationally accepted as good practice for control over information, IT and related risks. COBIT is used to implement governance over IT and improve IT controls. It contains control objectives, assurance guidelines, performance and outcome metrics metrics Managed care A popular term for standards by which the quality of a product, service, or outcome of a particular form of Pt management is evaluated. See TQM. , critical success factors and maturity models. COBIT case studies featuring organizations such as Harley-Davidson, Prudential Asia and Unisys are available at www.itgi.org. |
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