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In: Accounting

Which of the following statements about COBIT 5 is not true? Select one: a. It is...

Which of the following statements about COBIT 5 is not true?

Select one: a. It is a framework designed to assist with critical business issues related to the governance and management of information technology b. One of the five principles of COBIT 5 is Enabling a Holistic Approach c. COBIT 5 helps companies only if they use it in addition to following COSO ERM d. All of the above statements are true

Solutions

Expert Solution

COBIT stands for Control Objectives for Information and Related Technology. Each option given in the quewstion has been explanied below and conclusion whether the statement are true or not.

a) It is a framework designed to assist with critical business issues related to the governance and management of information technology.

Explanation: the above statement in option a is true, which can be derived from the basic defination of COBIT 5. It is a based on 5 priniples which are important for efficient and effective governace and managment of enterprise information technology.

b) One of the five principles of COBIT 5 is Enabling a Holistic Approach

Explanation: The above statement is true which can be concluded from the 5 principles written for COBIT 5 mentioned below

Principle 1: Meeting stakeholder needs

Principle 2: Covering the enterprise end to end

Principle 3: Applying a single integrated framework

Principle 4: Enabling a holistic approach

Principle 5: Separating governance from management

Hence 4th princple justify the correctness of statement b.

c) COBIT 5 helps companies only if they use it in addition to following COSO ERM

Explanation: Basically COSO ERM stands for Committee of Sponsoring Organizations: Enterpises Risk Managment. The main objective of COSO is to study the finacial reports and make recommnewdation to minimise of prevent frauds. While the COBIT 5 is responsible for giovernaace of enterprise information technology.

Hence Option C is not truer about COBIT 5

Therefore, the correct option for the question will be option c the explanation for all thwe answer has been provided.

ekkarill92 answered 1 year ago
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