ABSTRACT
IT governance has taken on greater importance in many organizations. With the globalization of many industries and financial markets, developed and developing economies are recognizing the importance of effective governance and controls to the success of organizations. Sarbanes-Oxley and COSO in the United States, the Combined Code on Governance in the United Kingdom, and the OECD Principles of Corporate Governance in Europe have set the bar for corporate governance. For IT, COBIT is becoming a global standard for IT governance and controls. COBIT provides a framework for implementing controls in IT to comply with Sarbanes-Oxley and other global governance standards. Organizations around the world are using the principles defined in COBIT to improve IT performance.
