The purpose of COBIT is to provide management and business process owners with an information technology IT governance model that helps in delivering value from IT with understanding and managing the risks associated with IT. COBIT also bridges the gaps between control requirements, business risk, and technical issues. It is a control model to meet the needs of IT governance and ensure the integrity of information and information systems by developing good practices for IT control for organization. It is also a great management tool that sets the guide lines for audits and helps with legal disputes.
Literature Review on Internal Control System
What is Internal Control Review? | Reciprocity
Every day, during the normal course of our lives, we encounter numerous controls or safeguards. Whether your place of work requires an identification badge or a key fob, a password to log onto your computer or an access code to use a copier, controls are a way of life. Broadly defined — internal control is a process. Auditors may assess risk at the maximum and not rely on the internal control system while performing their audit. Therefore, internal controls may not be tested as thoroughly because the auditors rely more on substantive testing. In contrast, an internal control review determines whether internal controls exist and are sufficient. And it may test whether the controls are working as designed.
Internal Control Literature Review
To browse Academia. Skip to main content. Log In Sign Up. Download Free DOC.
This potential has been turned into a challenge and embodied in the new definition of Internal Auditing from the Institute of Internal Auditors the IIA. In addition, the study was conducted within the Republic of Croatia, during a deep recession. In addition, it is important to understand what Cloud Computing is and the benefits it offers businesses. This study will help provide valuable information to the reader when researching Cloud Computing. Davidovic, V.