Find Resources & Connect with members on topics that interest you.

AI - Acquire and Implement

PO - Plan and Organize

DS - Deliver and Support

Please sign in to see your topics.

You must be logged in to join this group.

ME3.1 - Identification of External Legal, Regulatory and Contractual Compliance Requirements

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 ME3.1 - Identification of External Legal, Regulatory and Contractual Compliance Requirements is contained within Process Popup Ensure Compliance With External Requirements.

Learn more about COBIT and related publications.

Click “Join This Community” to be able to actively participate in discussions and contribute content. You must be an ISACA member to join this topic. Join ISACA now.

 
This Topic Has:
14 Members
0 Online
4492 Visits

 Recent Discussions

Community Leader

Knowledge Center Manager

Knowledge Center Manager

Title: Become a Topic Leader!

Badge: Energizer


Identification of External Legal, Regulatory and Contractual Compliance Requirements

Identify, on a continuous basis, local and international laws, regulations, and other external requirements that must be complied with for incorporation into the organisation’s IT policies, standards, procedures and methodologies.

View value and Risk Drivers  help

Hide value and Risk Drivers help


Value Drivers

  • Identification of good practices for dealing with laws and regulations
  • Improved personnel awareness for regulatory requirements
  • Increasing process performance and compliance with laws and regulations
  • Improved corporate performance
  Risk Drivers
  • Relevant laws or regulations overlooked, leading to non-compliance
  • Potential areas of financial losses and penalties not identified
  • Decreased customer and business partner satisfaction
  • Increased likelihood of disputes with customers and regulators
  • Increased risk to business continuity from sanctions imposed by regulators
  • Poor corporate operational and financial performance

View Control Practices  help

Hide Control Practices  help

  1. Assign responsibility for the identification of legal or regulatory requirements relevant to the IT resources and operations of the organisation. Consider contractual requirements between trading partners and with service providers with respect to security, privacy, data handling, intellectual property and copyright, and insurance contracts.
  2. Design and implement a process to identify and assess the applicable laws and regulatory requirements. Determine their impact on the IT resources and operations of the organisation and its service providers, and update policies, standards, procedures and methodologies accordingly. Consider laws and regulations for electronic commerce, data flow, security, privacy, internal controls, financial reporting, industry-specific regulations, intellectual property copyright, and health and safety, and ensure that these obligations are included in the contractual terms.
  3. Assess the impact of legal and regulatory requirements on contracts related to IT operations, contractual relationships, third-party service providers and trading partners.
  4. Obtain independent counsel, where appropriate, on changes to applicable laws, regulations and standards.
  5. Maintain an up-to-date log of all relevant legal, regulatory and contractual compliance requirements; their impact; and required actions.

Discussions: 0 total

Must be a Topic member to contribute

No Results Found

Documents & Publications: 497 total

Must be a Topic member to contribute
View All »
Downloads
Posted by FarmService 1416 days ago
Downloads
Posted by ISACA 1426 days ago
This document provides a preview of the information contained in COBIT 5.
Posted by ISACA 1829 days ago
This presentation by Robert Stroud, CGEIT, CRISC, ISACA Strategic Advisory Board, addresses the COBIT 5 framework, the critical aspects of COBIT 5, and what is available.
Posted by ISACA 1829 days ago
Posted by ISACA 1937 days ago
Posted by ISACA 1937 days ago

Events & Online Learning: 17 total

16 Mar 2015
ISACA International Event
Orlando, FL, USA
15 Jun 2015
ISACA International Event
Ciudad de México, Mexico
14 Mar 2016
ISACA International Event
Miami, FL, USA
1 Aug 2016
ISACA International Event
Chicago, IL, USA

Journal Articles: 442 total

Volume 6, 2015
by Ed Gelbstein, Ph.D.
An auditor will sooner or later be faced with two kinds of conflicts: conflict of interest and interpersonal conflict.
Volume 5, 2107
by Marianne Bradford, Ph.D., and Dave Henderson, Ph.D.
Although generalized audit software (GAS) has been shown to significantly improve the efficiency and effectiveness of audits, many auditors do not use this technology.
Volume 3, 2107
by Jayakumar Sundaram, CISA, ISO 27001 LA
The SoA is a continuously updated and controlled document that provides an overview of information security implementation.
Volume 1, 2018
by Mike Van Stone, CISA, CISSP, CPA, and Ben Halpert
Ever-changing laws continue to increase the risk and cost of noncompliance when unintentional data losses occur.
Volume 1, 2018
by Ian Cooke, CISA, CGEIT, CRISC, COBIT Assessor and Implementer, CFE, CPTE, DipFM, ITIL Foundation, Six Sigma Green Belt
Innovative technologies such as VMs and the cloud help the efficiency and effectiveness of backup and recovery plans, but they do not replace the need to plan, document, or test and test again.
Volume 1, 2018
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: 219 total

21 Feb 2018
We are happy to announce that  on Feb//2018  the ISACA awareness session  was held in Baghdad.This the first time to speak about ISACA Value in Iraq.Professional from government and private sector were excited to hear about ISACA value and they started to...
Posted By : Ali099 | 1 comments
Ransomware is a form of malware and is engineered to infect your personal computer and restrict access in some way, while demanding payment or ransom  to remove the restriction. First identified in 1989  under the name of PC Cyborg, today there are over 2...
Posted By : Robert658 | 2 comments
Have you experienced ransomware attack so far and, if yes, what did you do to resolve? I set up Twitter poll here: https://twitter.com/DPleskonjic/status/953608717399941120 It lasts for seven days. Thank you for taking part in the poll.
Posted By : Dragan Pleskonjic | 2 comments
There is no doubt with our current business environment, we will be experiencing more cyber breaches in the next few months.  The latest threat is an architectural design flaw in newer CPU's.  These design vulnerabilities could allow attackers to intercep...
Posted By : Fred586 | 1 comments
There are some math models for business that MBAs are taught. Just like assembling burgers for fast food or call wait queue management in a call center, vulnerability patching is a time based business opportunity. Leadership can be expected to use this ...
Posted By : Don Turnblade | 1 comments
My personal thoughts after listening to C-level executives at the CxO Roundtable Series sponsored by Intel, IBM, HyTrust & ReedSmith. For an invite, please reach out to me. Data Protection under the GDPR For past few months, I’ve been helping to org...
Posted By : Thomas152 | 1 comments