12) What are the 5 component of effect IT Governance? For one component, identify 2-3 indicators...

12) What are the 5 component of effect IT Governance? For one component, identify 2-3 indicators of possible misalignment between the organization and IT as well as the associated risks. Describe at least 3 activities/questions that an internal auditor could perform/ask in order to evaluate controls related to each risk and also describe the associated evidence the auditor would seek

Solutions

Expert Solution

Definition of IT governance

IT governance is an element of corporate governance, aimed at improving the overall management of IT and driving improved value from investment in information and technology.

IT governance frameworks enable organisations to manage their IT risks effectively and ensure that the activities associated with information and technology are aligned with their overall business objectives.

The five domains or elements of IT governance

Strategic Alignment: Definition, maintenance, and IT value validation, through the alignment of IT operations with other business operations;
Value Delivery: Ensures the delivery of strategic benefits, with cost optimization and the intrinsic value of IT;
Resource Management: Investment optimization and management of critical IT resources such as Applications, Information, Infrastructure, and People;
Risk Management: Understanding the corporate appetite for risk, regulatory compliance requirements, and transparency. Understanding of the significant risks to the business and implementing risk management responsibilities within the organization;
Performance Measurement: Monitor implementation strategies, project closures, and resource utilization. Perform the process of delivering IT services in a Balanced Scorecard framework that transforms strategy into effective action, for achieving measurable objectives (indicators).

Key risk Indicators:

1 Business interruption. 2 Reputational damage. 3 Breach of customer information. 4 Data or software damage. 5 Extortion or ransomware. 6 Third-party liability resulting from systems breaches. 7 Disruption/interruption of industrial systems or other operational technology. 8 Loss/theft of intellectual property. 9 Contingent business interruption (supply chain). 10 Physical property damage and/or bodily injury.

ekkarill92 answered 1 year ago

Next > < Previous

Related Solutions

1.What is Information Governance? 2.What are a minimum of four best practices for Information Governance? 3.What...

1.What is Information Governance? 2.What are a minimum of four best practices for Information Governance? 3.What are the Federal Rules of Civil Procedure (FRCP) and their relationship with e-Discovery? 4.Identify the role of Information Governance on : E-Mail Social Media Mobile Devices Cloud Computing

What is Corporate Governance? Identify the objectives of the good corporate governance.

2. List and explain one beneficial effect and one detrimental effect of bacteria. (5 marks)

2. List and explain one beneficial effect and one detrimental effect of bacteria.

What are the 5 components of a reflex arc? Identify (specifically) each component of the pupillary...

What are the 5 components of a reflex arc? Identify (specifically) each component of the pupillary reflex arc? when you shined the light into the left eye what happened to the left pupil? When you shined the light into the right eye what happened to the right pupil? Is this what you expected to happen, what should happen? Please explain your answers. when you shined the light into the left eye what happened to the right pupil? When you shined...

4. [22 pts] For the function ?(?) = 2?5 − 9?4 + 12?3 − 12?2 +...

4. [22 pts] For the function ?(?) = 2?5 − 9?4 + 12?3 − 12?2 + 10? − 3 answer the following: a. [2 pts] Determine whether the function represents a polynomial. Justify your answer. b. [4 pts] Determine whether the function satisfies the Intermediate Value Theorem on the interval [0, 5]. Justify your answer. c. [2 pts] Determine the number (quantity) of complex zeros that the function has, provided the each zero is counted by its multiplicity. d. [4...

Identify all allowable combinations of quantum numbers for an electron. n=3,n=3, ?=2,?=2, m?=2,m?=2, ms=−12ms=−12 n=5,n=5, ?=4,?=4,...

Identify all allowable combinations of quantum numbers for an electron. n=3,n=3, ?=2,?=2, m?=2,m?=2, ms=−12ms=−12 n=5,n=5, ?=4,?=4, m?=−1,m?=−1, ms=−12ms=−12 n=3,n=3, ?=−2,?=−2, m?=2,m?=2, ms=+12ms=+12 n=6,n=6, ?=6,?=6, m?=1,m?=1, ms=+12ms=+12 n=4,n=4, ?=3,?=3, m?=4,m?=4, ms=+12ms=+12 n=2,n=2, ?=0,?=0, m?=0,m?=0, ms=−1

Question