The importance of the CobiT framework IT processes for effective internal control over financial reporting in organizations: An international survey

This paper presents the results of an international survey of IT professionals exploring the relationships between CobiTʹs IT processes and financial reporting. Our respondents rated the importance of each of CobiTʹs 34 processes from the viewpoint of effective internal control over financial reporting. Results revealed five processes that were deemed specially critical. We also find interesting patterns of results as a function of respondents’ employment type and geographic location. This survey of IT professionals shed light on the relevance of a widely used IT governance framework—CobiT—from the perspective of organizations’ internal controls.