IT Governance

1. Incidents, or a lack of them, traceable to a lack of integration.
The Australian Customs office example, in which two people appearing to be service personnel simply entered a supposedly high-security area and walked out with several highly sensitive servers, illustrates the point. Most organizations would hopefully consider something less dramatic as a suitable indicator of the need to coordinate and integrate these functions.

2. The number of management levels before assurance processes fall under the same organizational position.
It is axiomatic that the more reporting levels for the various assurance functions before coalescing to a single “authority,” the greater is the likely lack of integration between their functions. A KGI could be fewer reporting lines and levels before reporting to a single organizational position.

3. Inconsistencies or contradictions in the objectives, policies, and standards applied to various assurance functions.

Download free IT Security Governance Implementation Strategy Checklist:
1. Define and enumerate the desired outcomes for the information security program

2. Determine the objectives necessary to achieve those outcomes

3. Describe the attributes and characteristics of the desired state of security

Download free IT Governance Assessment Checklist for Value Oriented System. Scope of this assessment covers:
- Is there a coherent and universal concept on IT management with a clear distinction between IT demand and IT supply?
- As the demand side of your company, do the business units possess the required competencies and powers of decision to manage IT?
- Does the demand side have the last word on IT investments?

PCAOB issued AS5, a proposed auditing standard, on December 19, 2006. AS5 would supersede its auditing standard No. 2. Comments were due on February 26, 2007 and the final standard is expected later in 2007, effective date is uncertain. The Proposed Standard includes the principle of a top-down approach to the integrated audit that was discussed in the PCAOB’s May 16, 2005 guidance.

In the proposed standard, PCAOB has identified certain areas of the audit of internal control where audit efficiencies could be gained. The impact of the four primary objectives of AS5 is evaluated specific to IT General Controls (“ITGC”) audits. The four primary objectives of AS5 could result in reduced audit fees for most companies. However, the fee reduction will

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