MDUC MSFS 670- IT Governance and COSO OR Update on SOX

Question # 00374008 Posted By: katetutor Updated on: 08/30/2016 01:03 AM Due on: 08/30/2016
Subject Finance Topic Finance Tutorials:
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IT Governance and COSO OR Update on SOX
IT Governance and COSO
As we implement our ERP and integrate into our existing organization accounting and IT
infrastructures, it may be time to refresh on the topic of IT Governance. Read the items
under Course Content in our Reading, Lecture and PowerPoint Directory for this session.
Let’s construct our understanding for these points through your contributions:

1.

What seem to be the keys to good IT governance?

2.

How does having an ERP system affect a company’s IT governance?

3.

What is a good definition of internal control?

4.

What are the three categories of control procedures we have in companies?

5.

Based on your understanding of the COSO framework, why is it important for
companies to be familiar with it?
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