This resource takes a look at what IT Governance is and offers some helpful steps toward safeguarding one of the largest line items in a CPA firm’s budget, including a look at the five key areas of the CoBiT framework.
IT Governance is about establishing executive oversight over a key piece of the firm’s organizational infrastructure. IT failure could have a devastating impact on the short-term and long-term success of a firm, and IT Governance is the formal process-based approach to establish checks and balances. It establishes what is going to be measured, what standards are going to be used, and who is responsible for IT at the owner level. It also establishes clear methods for external review of your IT systems, giving a measured level of confidence to the ownership group and to clients if necessary.