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.

ME4.5 - Risk Management

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 ME4.5 - Risk Management is contained within Process Popup Provide IT Governance.

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:
3 Members
0 Online
791 Visits

 Recent Discussions

Community Leader

Knowledge Center Manager

Knowledge Center Manager

Title: Become a Topic Leader!

Points: 3


Risk Management

Work with the board to define the enterprise’s appetite for IT risk, and obtain reasonable assurance that IT risk management practices are appropriate to ensure that the actual IT risk does not exceed the board’s risk appetite. Embed risk management responsibilities into the organisation, ensuring that the business and IT regularly assess and report IT-related risks and their impact and that the enterprise’s IT risk position is transparent to all stakeholders.

View value and Risk Drivers  help

Hide value and Risk Drivers help


Value Drivers

  • Risks identified before they materialise
  • Increased awareness of risk exposures
  • Clear accountability and responsibility for managing critical risks
  • Effective approach for managing IT risks
  • IT risk profile aligned with management’s expectations
  • Minimised potential for compliance failures
  Risk Drivers
  • Risks identified or managed ineffectively
  • Increased expenses and costs incurred to manage unanticipated risks
  • Critical IT applications and services failure
  • Lack of ownership of IT risks

View Control Practices  help

Hide Control Practices  help

  1. Provide the board with information on IT risk exposures and the measures in place dealing with risk containment and associated costs. Confirm the appropriateness of the risk management plan and its alignment with the appetite for risk.
  2. Monitor risk management practices to ensure that risk management is operating as required, responsibilities for risk management are appropriately and unambiguously assigned, and management has resources in place to ensure proper management of IT risks.
  3. Evaluate the effectiveness of management’s monitoring of IT risks.
  4. Review the outcome of management’s evaluation of the risk of IT activities. Confirm that the total risk exposure does not exceed the defined risk appetite, considering mitigating controls in place. Oversee the implementation of additional mitigating controls to reduce the overall risk exposure as needed.

 

Discussions: 0 total

Must be a Topic member to contribute

No Results Found

Documents & Publications: 363 total

Must be a Topic member to contribute
View All »
Cobit Related
Posted by ISACA 223 days ago
Downloads
Posted by ISACA 344 days ago
Downloads
Posted by ISACA 397 days ago
Downloads
Posted by ISACA 397 days ago
Downloads
Posted by ISACA 729 days ago

Events & Online Learning: 17 total

3 May 2012
Online
Online
7 May 2012
ISACA International Event
Orlando, Florida, USA
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
ISACA International Event
Washington, DC, USA

Journal Articles: 749 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 Vasant Raval, CISA, DBA
A cohesive effort on all fronts by the community of organizations could lead to best practices, benchmarks and even accreditation standards in the arena of information ethics.
Volume 3, 2012
by Aarni Heiskanen, LJK
A program or project portfolio explains how an organization is implementing its strategy with projects.
Volume 3, 2012
by Kai-Uwe Ruhse, CISA, PCI QSA, and Maria Baturova
This article describes real cloud computing project case studies, which show that moving to the cloud is an important strategic decision for IT managers.
Volume 3, 2012
by Steven J. Ross, CISA, CISSP, MBCP
To accelerate investments in security, we security professionals must do a better job of communicating the reality of the threats that our organizations face.

Wikis: 2 total

Blog Posts: 126 total

On the AS/400 (System i) it is possible to audit for default passwords using the ANZDFTPWD command. A default password is defined as a password which is the same as the user profile. The command behaves slightly differently depending on the value of the s...
Posted By : Ian Cooke | 0 comments
Having been associated with the BS 7799 from its introduction as a Security Standard, and as a Contributor to the ISO 27001, and the last and final Chair of the ISO 27001 at the Department of Trade and Industry (DTI) I have been a long term supporter, and...
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
Before we get into auditing Oracle privileges a reminder of a few definitions might be helpful. A user privilege is the right to run a particular type of SQL statement, or the right to access an object belonging to another user, run a PL/SQL package, and...
Posted By : Ian Cooke | 1 comments