In that vast expanse that still divides the concerns of the CFO and CIO, new efforts to combine the challenges of financial reporting and IT management are emerging—bringing hope that the distance between those two officers is slowly getting shorter.
In December, the IT Governance Institute issued version 4.0 of its IT framework commonly known as COBIT, short for “Control Objectives for Information and related Technology.” The new version specifically aims to bring the framework up to date with internal control reporting and other requirements associated with Sarbanes-Oxley.
