Is Goverance Frameworks

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Your client is a multinational organisation with more than 10,000 employees in a service industry. Your client hires you to assist them in implementing an IS governance framework.
Assuming that you are an IS auditor, answer the following questions:

Executive Summary

Information Technology (IT) Governance is a subset of corporate governance that focuses on the management, assessment, performance and risk of IT resources in an organisation. IT governance was strongly pushed after the Sarbanes-Oxley Act in the USA (which came as a result from the numerous accounting scandals in the early 2000s such as Enron). IT governance is aligned with the goals and objectives of the firm and to hopefully create value through the effective and efficient use of IT resources. It is a tool that is used by many stakeholders such as executive management and the Board of Directors to assist them in reducing risk, creating value, set polices and internal controls of the firm. COBIT 4.0 defines IT Governance as ‘the responsibility of executives and the board of directors, and consists of the leadership, organisational structures and processes that ensure that the enterprise’s IT sustains and extends the organisation’s strategies and objectives.’ A framework must be implement which sets out the standards, best practices and rules that must be adhered to for IT Governance to be successful. This report will identify, compare, discuss and analyse the three most used frameworks worldwide; ISO 38500, COBIT and ITIL v3.

Research and identify three IS governance frameworks that are the most widely adopted by business organisations worldwide.
ISO 38500
ISO/IEC 38500 (2008) is a standard developed by the International Standard Organisation (ISO) for Corporate Governance of IT. This framework was originally written up by Standards Australia in 2005 and later adopted and standardised by ISO in 2008. According to the ISO, the standard is “a framework for effective governance of IT to



References: * Brown, A. E. & Grant, G. 2005. ‘Framing The Frameworks: A Review of IT Governance Research,’ Communications of the Association for Information Systems, vol. 15, pp. 696-712, viewed 16th March 2013, Google Scholar. * Tribolet, Prof J * Taylor, S. Information Technology Infrastructure Library (ITIL). 3rd edition. 2011. UK Cabinet Office (HM Government). Websites Case Study 2: Managing successful change: IT service transformation at HMRC, 2012

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