Governance and Internal Controls for Cutting Edge IT

CHAPTER 9: SECURE IT-ENABLED ORGANIZATIONS

“If we could unfold the future, the present would be our greatest care.” Edward Counsel, Maxims

Good Controls Create Value

Good controls enable cutting edge IT, creating business value. When IT and the business units operate on the basis of a well-defined well-understood control model, it actually makes IT more efficient, more productive, and defect free. It establishes process between IT and the business and enables leadership to have flexibility within well-defined parameters.

The example at a well-known mobile telecommunications company proved this point in the year leading up to the filing deadline for Sarbanes–Oxley 404 for accelerated filers. In 2003, the company attempted to deploy an CRM package ...