Different Governance Frameworks Associated with Sarbanes Oxley Act (2002)

Strategic Information
Systems Management

Abstract
IT governance is framework that specifies distinct methods through which project can be
carried out in an appropriate manner by taking into account certain risks that areas associated
with information technology. It is important that all adequate risk management strategies are
considered through which it will be ensured that relevant measures are taken for coping up with
them. This comprises of different models which can be utilised by organisation as per their
requirements. The report will provide overview of these models, their assets and issues
associated with them so that it becomes easy to identify which one will address all the
requirements of the organisation.

Table of Contents
Abstract............................................................................................................................................2
Introduction......................................................................................................................................1
Illustrate different governance frameworks that are associated with Sarbanes Oxley Act
(2002).....................................................................................................................................1
Conclusion.....................................................................................................................................13
References......................................................................................................................................14
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Introduction
IT governance framework implies type of framework that illustrates the methods along
with ways by which firm can execute, manage as well as monitor governance in the organisation.
It is one or multiple processes that are liable for enabling IT employees for carrying out
management of risks and render their best services through which organisation can attain their
objectives on the whole (Starbird, Arif and Wilson, 2019). Basically, it is liable for rendering as
well as measuring effective utilisation of resources as well as processes in an organisation. This
provides a roadmap for evaluation of performance along with effectualness of the processes. It
enables firms within having insight into their performance as well as attains legal along with
regulatory compliance in context of IT. This report will provide an insight into different
governance models like ITIL and CoBIT. Furthermore, PRINCE2 as well as programme
management will also be specified along with associated issues and different aspects related with
them.
Illustrate different governance frameworks that are associated with Sarbanes Oxley Act (2002)
This framework is liable for furnishing mechanism for management and operational level
employees for having precise understanding related with anticipation, performance, objectives,
reporting needs and risk appetite. It is important that theses aspects are interacted in an
appropriate manner for significant persons within the organisation. Governance framework is
liable for directing the ways in which people conduct interaction within the organisation with
regulators, stakeholders and organisation for guiding as well as monitoring their functionalities
(Kamariotou and Kitsios, 2019). This aspect enables organisation within putting affirmative
traits that are displayed firmly. This leads to make all their intensions clear that are liable for
targeting actions and behaviour and this will further aid within distancing duplicity while
carrying out their activities. IT governance framework comprises of organisational structure,
leadership, business standards, compliance and standards that are liable for making that the IT
system of firm capable enough for addressing their objectives and strategies. Sarbanes Oxley Act
(2002) denotes law formulated via U.S. Congress that was passed on 30th July that enables
investors to be secured from certain fraudulent financial reporting that is made via corporations.
The act has formulated various strict rules for auditors, corporate officers and auditors for
ensuring stringent recordkeeping needs. Furthermore, criminal penalties are also imposed for
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