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Who Uses the COBIT Framework? Industries that deal with Compliance. IT Operations based industries. Auditing Companies and Assurance organizations. Governance agencies. Risk Management and Security companies.

As an IT governance framework, COBIT guides how businesses can implement, manage, and monitor their IT processes. This entails measurements, guidelines, and an outline to help determine the effectiveness of IT controls, so organizations can comply with relevant regulatory requirements.

The bank produced a model in which COBIT can be used to meet the IT performance, audit and compliance requirements within the bank. Creating such a model allows the bank to replicate the work already done and easily apply it to future IT performance, audit and compliance needs as they arise.

COBIT relates process to a life cycle of plan, design, build, operate, monitor and update.

Enablers are factors that, individually and collectively, influence whether something will work—in this case, governance and management over enterprise IT. Enablers are driven by the goals cascade, whereby higher-level IT-related goals define what the different enablers should achieve.

COBIT is the most commonly used framework in the U.S. for compliance with the Sarbanes-Oxley Act that deters fraudulent financial reporting. The COBIT framework comprises various key components such as frameworks, process descriptions, control objectives, maturity models, and management guidelines.

Benefits of COBIT Improve and maintain high-quality information to support business decisions. Use IT effectively to achieve business goals. Use technology to promote operational excellence. Ensure IT risk is managed effectively. Ensure organisations realise the value of their investments in IT; and.