...DISTRIBUTION Risks, Threats, and NOT FOR DISTRIBUT NOT FOR COBIT P09 Risk Management Controls © Jones & Bartlett Learning, LLC Introduction © Jones & Bartlett Learning, LLC NOT FOR SALE OR DISTRIBUTION NOT FOR SALE OR DISTRIBUTION Ask any IT manager about the challenges in conveying IT risks in terms of business risks, or about translating business goals into IT goals. It’s a common difficulty, as the worlds of business and IT do not inherently align. This lack of alignment was unresolved until ISACA developed a framework called COBIT, © Jones & Bartlett Learning, LLC first released in 1996.Jones & Bartlett Learning, LLC © ISACA is an IT professionals’ association centered on auditing and IT governance. This NOT FOR SALE OR DISTRIBUTION The lab lab will focus on the COBIT framework. NOT FOR SALE OR DISTRIBUTION uses the latest two versions: COBIT 4.1, which is currently the most implemented version, and COBIT 5, which is the latest version released in June 2012. Because COBIT 4.1 is freely available at the time of this writing, the lab uses this version to © Jones & Bartlett Presentation is done making use of a © Jones & Bartlett Learning, LL present handling of risk management. Learning, LLC set of COBIT control NOT FOR SALE OR NOT COBIT P09’s purpose is to guide the objectives called P09.FOR SALE OR DISTRIBUTION scope of risk management for an IT DISTRIBUT infrastructure. The COBIT P09 risk management controls help organize the identified risks...
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...Homework IT Governance and COBIT framework Yeng Lee SEC 592 Professor Joseph Costantini May 18, 2014 What is the relationship between IT execution and IT governance? IT execution and IT governance are both related to the development of Information Technology. The differences among the two terms are their purpose and process. IT execution is a phase in IT development where IT governance is policies and rules to a project. In other word, IT governance is a whole single identity while IT execution is a step in a project. We will go further detail of the different of the two terms. But first, we will elaborate the term IT execution and IT governance. As stated above, execution is a phase in a project. IT execution usually comes after analyzing and planning phase of a project. Following the execution phase will be testing, clean up, and monitoring. In the execution or a project, it requires setting up responsibilities, time management, authorities, and control mechanism to accomplish the task. We will see later how governance does this IT execution. In the Execution phase, the project is carry out and complete. In the field of Information Technology, it can be anything from connecting a new network to upgrading an existence application or hardware to implementing security policies. As the project is being developed, executioner must refer back to the planning phase for guidance and error checking (Project Execution Phase, n.d.). Governance is the process...
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...Table of Contents A. Page 1 Cover Sheet B. Page 2 Table of Contents C. Page 3-4 The relationship between IT Governance (ITG) and IT execution. D. Page 5-6 Describe how the COBIT framework institutes mechanisms to control IT risk. E. Page 7 Works Cited The relationship between IT Governance (ITG) and IT execution is always talked about. IT Governance is usually seen as a fundamental part of corporate influence and execution acknowledged as how the processes of ITG have been executed; however there are it can be said that IT Governance is a subordinate methodology to Enterprise Architecture, controlling the definition and satisfaction of IT abilities inside EA. To further things, the idea of Enterprise Architecture Governance (EAG) is developing, yet it doesn't have a created definition (Korhonen, 2009). * Design, arranging and underpin perspective that keeps tabs on outer viability. It permits the association to make new capacities with enduring focus and to react to updates in nature's domain. This angle is about "doing the right things". • Development and execution angle that is concentrated on interior productivity. Organizational capacities of this sort are retrospective and internal looking and advertise unoriginality and responsibility. It is about streamlining the existing operations with fleeting center and reacting to foreseeable possibilities. This angle is about "doing the things right”. In this paper, the main challenge was that the administration...
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...Keller Graduate School | SEC 592 IT Governance | Assignment Week 2 | | The purpose of this essay to highlight the relationship between IT execution and IT governance. Within it, we will also cover the COBIT framework with regards to controlling IT associated risk. IT governance is about the way in which leadership accomplishes the delivery of important business capability using IT strategy, goals and objectives while adding business value and controlling risks. IT governance is concerned with strategic alignment between the goals and objectives of the business and the utilization of its IT resources to effectively achieve the desired results. In comparison, IT execution is the usage of sound management practices and the use of IT controls. These controls are usually based on a framework consisting of best practices that are used as guidelines to help successfully implement IT governance. For this discussion, we will focus on the Control Objectives for Information and related Technology (COBIT) Framework. The COBIT framework is a set guidelines that lay the groundwork for best practices that provide for the managing, auditing, and assistance of users, which allows them to measure their processes, and develop and improve the controls of a company. There are two major organizations that are associated with IT governance: ISACA (Information Systems Audit and Control Association) and the IT Governance Institute. Effective and efficient enterprise IT governance is...
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...Justus Brammeier SEC 592 3-15-2013 COBIT and IT: Importance The execution and governance of information technology go hand in hand. IT execution deals with an organization’s IT department making proposals to management for design and implementation of technology developments and acquisitions, and then executing those plans. IT governance deals with guidelines within each company to develop policies, procedures, and decision making to best support the organization through technology. This governance becomes important because it directly relates to an organization’s ability to comply with standards and regulations. By developing the individual guidelines to effectively govern the information and technology used in a company, you develop the methods for executing plans from the IT department that management can approve. Once these plans are approved and executed, this process helps management ensure that they are meeting prescribed compliance guidelines and rules as well. While this is all well and good to proceed from the governance processes through execution, and on towards compliance, it does not negate the opposite direction. Sometimes an organization needs to see things from multiple directions. Sometimes a company will see a compliance that they currently can’t meet. This will in turn prompt management to go backwards through the process to determine what is needed to comply. Oftentimes, this will require evaluation of current methods, assuming they exist. Then they...
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...ACC 564: Accounting Information Systems12 August 2012 | Abstract This paper explores accounting information system attacks and failures and the party that is to blame. The paper will include the following requirements: 1. My position on whether the firm and its management team should or should not be held liable for losses sustained in a successful attack made on their AIS by outside sources. I will include two (2) facts to support my position. 2. Suggestions for who should pay for the losses incurred, to whom, and why. 3. My opinion regarding the role, if any, the federal government should have deciding and enforcing remedies and punishment. I will include two (2) facts to support my opinion. 4. An evaluation on how AIS can contribute or not contribute to the losses. This assignment will use technology and information resources to research issues in accounting information systems. AIS Attacks and Failures: Who to Blame Take a position on whether a firm and its management team should or should not be held liable for losses sustained in a successful attack made on their AIS by outside sources. Include two (2) facts to support your position. Security controls are safety measures to avoid, counteract or minimize security risks. The firm and management team is responsible for effectively implementing preventative, detective, and corrective controls in order to prevent, identify, and limit the extent of damage from occurring, in progress, or caused by the incident...
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...Define the following terms as they relate to XBRL. 1. Extensible: The XBRL language is able to be extended. Users can add new ideas and phrases to the basic XBRL without changing its fundamental purpose, structures, or existing terminology. This idea is critically important in any discussion of XBRL. The original creators of the language could not possibly have anticipated every term needed by every organization over the course of even a few years-let alone a longer time period. 2. Specification: XBRL is a part of a larger group of languages referred to as XML. One common feature of all XML specifications is their extensible nature; another is their use as markup languages. So, XML consists of a series of descriptors added to various kinds of information that help users make sense of the information. As a specification of XML, XBRL is focused on descriptors of business reporting information-most often, accounting information. 3. Taxonomy: XBL is made up of several taxonomies, which, for the most part, are focused on specific industry groups. For example, the terminology that describes financial information in a manufacturing firm has some significant differences from financial terminology in a government entity. 4. Namespace: A namespace is like an XBRL dictionary. Remember what the X stands for: extensible. So if someone invents a new XBRL term, he or she has to let others know what it means. The meaning of the new term would reside in a namespace. Namespaces...
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...* Michele Grieco July 20, 2015 Prof. Gregory Gleghorn What is transparency in the context of IT governance, and why is it important? How does the COBIT framework provide for internal audit and corrective action? The transparency of IT Governance is to cover the culture, organization, policies and practices. This type of transparency in the government financial management is very important in a way to produce a proper, complete performance measurement system and to provide insufficient disclosure of these performances information to the broader public. This is why the point of transparency becomes a measurement for health and security in governments, leadership and business in almost all the countries in the world especially in the well developed once, because the public certainly wants the government to be transparent. Information Technology settles how well services are provided and how good the company is satisfying its customers. By providing services the companies can also expose their businesses to risk that can affect with their daily operations and transactions. In this case management must be able to make precise decisions in a way to minimize any risks that could affect the company really badly. It's virtually impossible to have too much transparency or education about IT governance, in fact both of them can go well together and so the more transparency of the governance practices, the more confidence in the governance there will be. Companies with more effective...
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...COBIT provides good practices for the management of IT processes in a manageable and logical structure, meeting the multiple needs of enterprise management by bridging the gaps between business risks, technical issues, control needs and performance measurement requirements. If you believe as we do, that COBIT enables the development of clear policy and good practices for IT control throughout your organisation, we invite you to support ongoing COBIT research and development. There are two ways in which you may express your support: (1) Purchase COBIT through the association (ISACA) Bookstore (please see the following pages for order form and association membership application. Association members are able to purchase COBIT at a significant discount); (2) Make a generous donation to the IT Governance Institute, which conducts research and authors COBIT. The complete COBIT package consists of all six publications, an ASCII text diskette, four COBIT implementation/ orientation Microsoft® PowerPoint® presentations and a CD-ROM. A brief overview of each component is provided below. Thank you for your interest in and support of COBIT! For additional information about the IT Governance Institute, visit www.itgi.org. We invite your comments and suggestions regarding COBIT. Please visit www.isaca.org/cobitinput. Management Guidelines To ensure a successful enterprise, you must effectively manage the union between business processes and information systems. The new Management...
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...1) IT Governance is a matter of allocating accountability and decision-rights in the business process to make sure that IT meets the rules of IT Governance. Releasing and assigning to a lower position such as the execution of the decisions to management, is a serious error. It is suggested that IT Governance includes a lot of approaches, methodologies, frameworks and their affiliated policies, standards and processes expected to realize decisions. The relationship between IT execution and IT Governance Processes has to be understood and modified to achieve maximum efficiency so the work. Many organizations think that increasing staff and validating the documentation of their financial reporting processes would be enough to force off the intense anger of SOX. The challenge for the auditing firms was that, even though companies could be audited against the integrity of their business controls, it turned out very hard to evaluate whether any regulation subsisted to manage these controls. The big majority of social control mechanisms for these business controls exists within the IT infrastructure of any organization and is encoded within their software to carry on their day-to-day business. In order to meet all approaches for better business process, IT should make the right decisions in relation to: * IT Investment * IT Architecture * IT Infrastructure schemes * IT Business Applications The relationship between IT execution and IT governance are several: First is...
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...Transparency and IT Governance James Anthony Quilty Keller Graduate School of Management May 16, 2010 SE592ON_A – IT Governance MAY10 – Sec A Professor William Uminowicz Transparency and IT Governance I. Table of Contents…………………………………………………………2 II. Why Transparency?.…...………………………………………………...3 III. Transparencies relation to IT Governance..……………………………3 IV. COBIT Framework Provides for Internal Audit and Corrective Action……………………………………………………………………..4 V. Summary..………………………………………………………………...4 VI. References………………………………………………………………...5 II. Why Transparency? Due to many of the scandals that have arisen in recent years; Enron, AOL Time Warner, Adelphia Communications and other corporations according to Forbes (2002, Patsuris). Due to these scandals, the United States government stepped in and started making regulatory changes such as disclosure requirements and better detailed reporting of off-balance sheet financing. If any of these reports are found to be purposely misreported then penalties to the executives will be ensued. This why it is important for transparency to be a part of the IT governance. So, Sarbanes_Oxley (Sox) was adopted for all companies to comply with a standard (2007, Hermalin & Weisbach). III. Transparencies relation to IT Governance Transparency within the IT Governance creates a standard where everyone involved can participate on any given project and obtain a higher level of competency. Transparency can...
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...Information Technology Auditing XX Jul 13 Information Technology Auditing In this paper we will be discussing the process of auditing in the information technology environment. Auditing within information technology can go several different was and focus on different aspect of information technology. The auditing process can be as simple as the review of software and extend all the way up to intricate aspects of a Government established information systems security features. The process of auditing will need to be completed by trained and experienced professional in order to be successful and make the end project survive the current changes in the information technology field. Most of the information technology communities fall within the parameters of two types of auditing, which are information technology auditing and information security auditing. We first discuss the concept of information technology auditing. Information technology management is the process of examining the controls within an information technology infrastructure. The information technology auditing process conduct an extensive evaluation and can determine if the established information system are doing their jobs. The process ensures the current information systems safeguarding stored assets, maintaining its system integrity and last but not least meeting the objectives and goals of the company deploying the system. This audit can be done at anytime encompassed with any other auditing...
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...Change Management Exercise (AI6 and AI7) The CoBIT framework is a tool available to help organizations establish / evaluate their change control process. CoBIT control objectives AI6 (Manage Changes) and AI7 (Install and Accredit Solutions and Changes) relate to the change management process and to this assignment. Please use the .pdf file named “CoBIT Control Practices” to help you with this assignment. If you are unfamiliar with how to use CoBIT, you’ll want to first locate the appropriate control objective (for example, AI6). Then, look find the shaded box labeled “Control Practices” * Control Practices are procedures a company should have in place to achieve and efficient and effective system. Thus, it is helpful to reference these practices when assessing a company’s change management procedure. * You will need to reference CoBIT while performing this assignment. * For full credit, identify 10 change management deficiencies, the risks associated with each, and your suggestion for improving each identified deficiency. The Setting Tampa Autoparts Corporation (TAC) is a manufacturer of various automotive components, located in the Tampa Bay area. In operation since the early 1960s, TAC has grown rapidly over the years, with its customer base comprising service stations and auto parts stores all over the Southeastern United States. The company has a custom-developed information system for meeting the accounting and reporting needs of all departments. The...
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...During my research of all three IT frameworks I would recommend COBIT, since the CIO wants to implement an IT framework for auditing and because there is no formal structure in IT. Aerodynamics is a global company and COBIT has a major advantage of being globally accepted. Aerodynamics offers a variety of services including security screening, passenger scheduling solutions, and detailed travel reporting, and cost analysis. COBIT consists of best practices for IT administration. COBIT concentrates on characterizing program and management control capacities. It is intended to help guarantee IT projects are implemented and oversaw successfully to expand the investment of IT effectively. While not particularly a security standard, solid COBIT compliance ordinarily shows a higher quality of control over inner practices that help manage a compelling security infrastructure, and additionally sound business practice. IT governance that allows managers to bridge the gap between control requirements, technical issues, and business risks COBIT is progressively acknowledge globally as a set of guidance materials for auditing and reporting. However, no single equation can promise 100% security, there is a requirement for a set of benchmarks and resources are used to help ensure an adequate level of security is attained. Implementing COBIT...
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...4.1 Excerpt Executive Summary Framework COBIT 4.1 The IT Governance Institute® The IT Governance Institute (ITGITM) (www.itgi.org) was established in 1998 to advance international thinking and standards in directing and controlling an enterprise’s information technology. Effective IT governance helps ensure that IT supports business goals, optimises business investment in IT, and appropriately manages IT-related risks and opportunities. ITGI offers original research, electronic resources and case studies to assist enterprise leaders and boards of directors in their IT governance responsibilities. Disclaimer ITGI (the “Owner”) has designed and created this publication, titled COBIT® 4.1 (the “Work”), primarily as an educational resource for chief information officers (CIOs), senior management, IT management and control professionals. The Owner makes no claim that use of any of the Work will assure a successful outcome. The Work should not be considered inclusive of any proper information, procedures and tests or exclusive of other information, procedures and tests that are reasonably directed to obtaining the same results. In determining the propriety of any specific information, procedure or test, CIOs, senior management, IT management and control professionals should apply their own professional judgement to the specific circumstances presented by the particular systems or IT environment. Disclosure © 1996-2007 IT Governance Institute. All rights reserved. No part of...
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