Leveraged Best Practices

There are many different business process frameworks in use today.  In the United States, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) is the adopted framework for Corporate Governance specifically for Finance and Accounting functions.  

Closely realted to COSO, is the Control Objectives for Information and related Technology (CobiT) for the Information Technology function.  When it comes to Sarbanes-Oxley Act (SOX) regulatory support, both COSO and CobiT are universally accepted as frameworks to support SOX business requirements.

Several other frameworks are used to improve business operations and efficiency.  One of the predominant frameworks for Information Technology is the IT Infrastructure Library (ITIL). 

Another highly referenced framework for Information Technology is ISO/IEC17799:2005 (Information technology -- Security techniques -- Code of practice for information security management), created by the International Organization for Standardization (ISO).  Based on BS7799 (British standard),   ISO/IEC 17799:2005 is widely adopted from a security and control perspective.

Note that this an independent site describing COSO, CobiT, ITIL and ISO and is not connected with the above in any way.