Upma Sharma
Abstract
Control Objectives for Information and related Technology (COBIT) is an IT governance framework and supporting toolset that allows managers to bridge the gap between control requirements, technical issues and business risks. To aid organizations in successfully meeting today business challenges, the IT Governance Institute (ITGI) has published version 4.0 of COBIT.
COBIT enables clear policy development and good practice for IT control throughout organizations. IT Governance Institute latest version- COBIT 4.0-emphasizes regulatory compliance, helps organizations to increase the value attained from IT, enables alignment and simplifies implementation of the COBIT framework.
While the COBIT guidelines have been around since 1996, the guidelines and best practices have almost become the de facto standard for auditors and SOX compliance, mostly because the COBIT standards are platform independent. While using the framework provided, each company will need to customize the approach to its own size and complexity. A multinational, multidivisional organization is different from a single factory domestic company.
When reviewing and applying the COBIT guidelines and best practices, they need to be tailored to the particular environment.
The aim of this RD is to study the COBIT framework, its application in various domains and to come up with the best practices and guidelines for its application