To download COBIT 5 for Assurance, or to learn more visit ruthenpress.info Not a member? Learn the value of ISACA membership. Additional information is. These charts and figures are elements of COBIT 5 and its supporting guides. This excerpt is available as a complimentary. PDF (ruthenpress.info) and for. Richardus Eko Indrajit COBIT 5 for Assurance 0. Knowing the posture and proﬁle of COBIT 5 Governance of Enterprise IT Philosophy The Evolu0on Governance.
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Obtaining a view (based on COBIT 5 concepts such as the enablers) on current good practices on assurance. • Learning how to use different COBIT 5. ISACA has designed and created COBIT® 5 for Assurance (the 'Work') primarily as an .. Assurance Function Perspective: Using COBIT 5 Enablers for. Basic Foundational Concepts Student Book: Using COBIT 5 primarily as an educational resource for governance, security and assurance professionals.
The Center for Internet Security publishes a list of Critical Controls if an enterprise was not connected to the Internet we would have much less to worry about so let s start there.
Knowing what you need to protect Identify process generally comes first.
CSC 1 Do we know what software is running or trying to run on our systems and networks? CSC 2 Are we continuously managing our systems using known good configurations? CSC 3 Are we continuously looking for and managing known bad software?
CSC 4 Do we limit and track the people who have the administrative privileges to change, bypass, or over-ride our security settings? AM-1 ID.
AM- 3, PR. AM-2, ID. RA-1, ID.
RA-2, PR. IP, DE. CM-8, RS. AC-4, PR. AT-2, PR. MA-2, PR. Identify all owned assets in an asset register that records current status. Maintain alignment with the change management and configuration management processes, the configuration management system, and the financial accounting records.
Identify legal, regulatory or contractual requirements that need to be addressed when managing the asset. This allows enterprises to use COBIT 5 as the overarching governance and management framework integrator. The COSO control framework offers a roadmap for the same by providing five crucial components, namely: information and communication, which drive the control activities through a thorough risk assessment process, in order to maintain the desired control environment.
The whole cycle is monitored to ensure ongoing compliance.
The five components of COSO can be visualized as the horizontal layers of a three-dimensional cube, with the COBIT objective domains - "plan and organize, acquire and implement, deliver and support, and monitor and evaluate" applying to each. A Detailed Look at Internal Control Components The following five internal control components interact with each other and are integrated with the management process.
They must be embedded seamlessly into the operational activities of the organization. Control Environment This forms the basis for the rest of the components. Consider the simplest control in IT, the password. Any user has to fully comprehend the need for a password, to help the password work effectively. Similarly, it's important that everyone in an enterprise recognizes the vital need for a control environment. The various elements of a control environment include: Integrity and ethical values Management's philosophy and operating style Assignment of authority and responsibility Organization and development of human resources Management's direction 2.
Risk Assessment An ever-changing internal and external environment results in risks of varying levels. Risk and innovative initiatives cannot be wholly separated from each other. The trick is not to worry about eliminating risks but to manage them diligently and intelligently. So what should the game plan be? First, a business must identify and link all consistent goals that drive the entire organization and its business units.
Then, it must zero in on the risks that can have an impact on these goals. Finally, it has to develop a clear roadmap to manage these risks, and limit them to acceptable levels. Control Activities Enterprises need to put in place policies, procedures, and concrete measures to ensure that risks do not sabotage the organization's objectives. These measures include authorizations, verifications, reconciliations, segregation of duties, and operational profitability reviews. Information and Communication The information required to run a secure control environment can be broadly classified as: Financial or operational Gathered from internal or external sources The relevant information must be accurately identified, captured, and communicated to all stakeholders.
Appropriate communication channels should be employed to target various stakeholders, and employees should be adequately educated about their individual roles in the internal exercise. Monitoring Does the internal control system function as intended over a period of time? Does it evolve continuously in sync with the changing business environment? This kind of a systematic review forms the backbone of any dynamic system.
The frequency of these regular reviews is decided according to the criticality of the risks involved. Enterprises should also resort to a gap analysis to assess their security standards. They can mark themselves against different COBIT levels to understand where they stand, and what higher levels they are aspiring for.
It can also help build a centralized COBIT library that can be leveraged for processes such as risk and control assessments, and policy mapping.
More importantly, a centralized system can help streamline the entire IT audit workflow - right from audit scoping, planning and scheduling, to reporting, and issue management. Automated capabilities, if present, can help accelerate and improve the efficiency of processes such as notifying auditors of task assignments, or generating reports. The key is to try and enable a systematic and organized process for each aspect of auditing.
For instance, with audit scoping, it is useful to have a system that can help enterprise-wide auditable entities to be defined and managed in a hierarchical, tree-like structure with a clear understanding of roles and responsibilities.