Assignment Read “Controls over Information Systems” pages 64-66 in the COSO Enterprise Risk...

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Assignment   	Read “Controls over Information Systems” pages 64-66 in the COSO Enterprise Risk Management—Integrated Framework.     	Read “Availability” pages 78-82 in the Pearson custom text. 	There are several references to COBIT in the reading on Availability. Refer to Wikipedia for questions 4 through 6. You may also need to utilize other sites to fully answer question 5. 	For what is COBIT an acronym?     	How are COBIT and COSO related?     	What are the four “domains” of COBIT?     	Back to COSO. How are logical access controls different from physical access controls discussed in homework 11?     	Read “Change Control” page 83 in the Pearson custom text. 	Read and respond to the questions regarding Hall Corporation, described in a separate Word document. 
	
Document Preview: AssignmentRead “Controls over Information Systems” pages 64-66 in the COSO Enterprise Risk Management—Integrated Framework.Read “Availability” pages 78-82 in the Pearson custom text.There are several references to COBIT in the reading on Availability. Refer to Wikipedia for questions 4 through 6.  You may also need to utilize other sites to fully answer question 5.For what is COBIT an acronym?How are COBIT and COSO related?What are the four “domains” of COBIT?Back to COSO.  How are logical access controls different from physical access controls discussed in homework 11?Read “Change Control” page 83 in the Pearson custom text.Read and respond to the questions regarding Hall Corporation, described in a separate Word document.

Robert · Accepted Answer

For what is COBIT an acronym? 
 COBIT is an acronym for Control Objectives for Information and Related Technology. 
This is a framework for management of information technology and IT governance. The 
framework is developed by ISACA. The management uses this to connect between control 
requirements, technical issues and business risks.   
How are COBIT and COSO related? 
 Both  COBIT and COSO are control frameworks. COBIT focuses on information 
technology and COSO on controls for financial processes. The objective of implementing the 
control frameworks is addressing the risks related to financial and operational loss (Introduction 
to COSO&COBIT, n.d.). COBIT and COSO are comparable. COBIT is a process oriented 
framework and is comprehensive whereas COSO is less technical and is very broad-based. When 
both COBIT and COSO are applied together they help in a better evaluation of information 
technology based processes and systems. Suppose a new system is being implemented by an 
organization. The organization can benefit by using both COBIT and COSO. COBIT will help to 
extend the system to IT based processes. The new system with the old accounting system can be 
integrated using COBIT and COSO can be used for evaluating the risk and financial aspect.   
What are the four “domains” of COBIT? 
The four domains of COBIT are as below.  
Plan and Organize: Providing direction for solution and service delivery (COBIT 4.1 Excerpt, 
n.d.). It includes establishing a data classification scheme, analyzing the existing system and 
conducting a technology direction plan, job changes and job termination, knowledge transfer, 
and risk assessment.  
Acquire and Implement: Providing solutions and converting them into services. It includes 
infrastructure resource protection and ensures integration and availability. It also helps in 
advocating emergency changes.  
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Assignment Read “Controls over Information Systems” pages 64-66 in the COSO Enterprise Risk Management—Integrated Framework. Read “Availability” pages 78-82 in the Pearson custom text. There are...

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