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ME2.5 - Assurance of Internal Control

This topic is intended to enable collaboration and sharing of information to facilitate a better understanding and approach to implementing this COBIT control objective based on the risk, value and guidance provided by its corresponding control practices.

COBIT Control Objective ME2.5 - Assurance of Internal Control is contained within Process Popup Monitor and Evaluate Internal Control.

Learn more about COBIT and related publications.

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Assurance of Internal Control

Obtain, as needed, further assurance of the completeness and effectiveness of internal controls through third-party reviews.

View value and Risk Drivers  help

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Value Drivers

  • Identification of process control improvement opportunities, resulting in improved service to the business
  • Establishment and maintenance of effective internal control framework
  • Control skills and knowledge communicated within the organisation to increase the awareness of internal control principles and practice
  Risk Drivers
  • Processes not effectively controlled and failing to meet the business requirements
  • Objective recommendations not obtained, resulting in IT control arrangements not being optimised
  • Control gaps not identified
  • Compliance with regulatory, contractual and legal requirements not achieved

View Control Practices  help

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  1. Obtain independent control reviews (e.g., by an internal or external auditor or specialist IT governance consultant), certifications or accreditations. Consider the frequency of reviews in line with the risk profile and business objectives.
  2. Ensure that staff members or external specialists are independent and competent to perform reviews, certifications or accreditations (e.g., reviewers hold Certified Information Systems Auditor [CISA] certification).
  3. Confirm that contractual conditions ensure that an adequate scope is performed, liability is established for incorrect opinions and confidentiality is maintained. If a formal certificate is to be obtained, obtain it from an organisation that is an accredited certification authority.
  4. Report any significant internal control deficiencies identified for business process owner and IT management attention. Ensure that deficiencies are reported in a manner appropriate for the audience.

 

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3 May 2012
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7 May 2012
ISACA International Event
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Get the knowledge you need to stay one step ahead of the competition and keep up with changing professional trends at ISACA’s North America CACS Conference.
15 May 2012
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12 Jun 2012
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Journal Articles: 610 total

Volume 2, 2019
by ISACA Member and Certification Holder Compliance
Volume 3, 2012
by Ookeditse Kamau, CISA, CIA
Quality evidence collected during the audit process enhances the overall quality of the work performed and significantly reduces audit risk.
Volume 3, 2012
by Tommie W. Singleton, Ph.D., CISA, CGEIT, CITP, CPA
This two-part article describes one framework for performing effective audits of applications.
Volume 3, 2012
by Brian Vazzana, CISA, CITP, CPA
SOC reports examine the controls present at the service organizations and consider how those controls are designed and operate.
Volume 3, 2012
by Miklos A. Vasarhelyi, Ph.D., Silvia Romero, Ph.D., Siripan Kuenkaikaew, CISA, and Jim Littley
This article examines how internal audit has progressed with the implementation of CA/CM.
Volume 3, 2012
by ISACA Member and Certification Holder Compliance
An up-to-date listing of the current IT Audit and Assurance Standards, Guidelines, and Tools and Techniques

Wikis: 2 total

Blog Posts: 92 total

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Posted By : Ian Cooke | 0 comments
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Posted By : John379 | 0 comments
Gone are the days of check list auditing (Tick and bash audit). To add value to business auditors need to go beyond check listing. Be it an application control review (ACR), IT General Controls Review (ITGCR), A project review or an integrated audit, i...
Posted By : Tichaona Zororo CISA, CISM, CRISC, CGEIT | 0 comments
During my audits, training & teaching sessions one of the frequent queries I came across is 'Sir, How do I become an IT Auditor? What are the qualification criteria?' The best answer for this to quote from the famous book, Information Systems Control and ...
Posted By : KvR | 0 comments
The main idea I am trying to advocate with these posts is a simple one.  Compare a database you are auditing against a database that you know already meets the standards required by the organisation you are auditing. This is achieved by creating “CSV ty...
Posted By : Ian Cooke | 1 comments
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Posted By : Ian Cooke | 0 comments