A new guide released by ISACA shows how the latest versions of the COSO
Internal Control - Integrated Framework and COBIT relate and helps
professionals who use both frameworks to create business value for enterprises
in all industries and geographies.
‘Relating the COSO Internal Control—Integrated Framework and COBIT’ looks at
the updated COSO framework, which now includes a stronger emphasis on
information technology, and examines the related COBIT 5 components. The paper
outlines COBIT 5’s relationship to specific COSO principles and matches the
relevant COBIT 5 framework content with the associated COSO framework concept.
COSO’s internal control framework helps management, boards of directors and
others with their duties regarding internal control. COBIT is used by
enterprises worldwide to effectively govern and manage their information and
technology.
“With the updates in the last couple of years of both COBIT and the COSO
framework, many enterprises have been asking if the two are still
complementary,” said Steven Babb, CGEIT, CRISC, ITIL, chair of the ISACA
Framework Committee. “This paper answers that question with a resounding yes,
and shows exactly how the two relate. By using both together, organizations can
be confident that they are following proven guidance on assessing and improving
their internal control practices within an effective governance structure.”
Relating the COSO Internal Control—Integrated Framework and COBIT is
available free of charge at
www.isaca.org/coso-and-cobit.
Additional information about the COSO framework is at
www.coso.org/ic.htm.
The COBIT 5 framework is a free download at
www.isaca.org/cobit.