Updated COBIT Framework Reduces IT
Risks and Improves Compliance
Rolling Meadows, IL, USA (8 May
2007)—The IT
Governance Institute (ITGI) announced today the publication of
COBIT 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. The new version of the framework is available as a free
download from the non-profit, 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.
COBIT helps organizations reduce IT risks and increase the
value attained from IT. 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. “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 Bookstore (www.isaca.org/bookstore):
·
COBIT
Control Practices, 2nd 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, 2nd 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 non-profit, 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, 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.
Contact:
Kristen Kessinger, +1.847.590.7455,
kkessinger@itgi.org
IT Governance Institute