Principle 3A governance system should be dynamic. This means that each time one or more of the design factorsare changed (e.g., a change in strategy or technology), the impact of these changes on the EGITsystem must be considered. A dynamic view of EGIT will lead toward a viable and future-proof EGITsystem.Current PracticeRecommendationPrinciple 4A governance system should clearly distinguish between governance and management activities andstructures.Current PracticeRecommendationPrinciple 5A governance system should be tailored to the enterprise's needs, using a set of design factors asparameters to customize and prioritize the governance system components.Current PracticeRecommendationCurrent PracticePrinciple 6A governance system should cover the enterprise end to end, focusing not only on the IT function buton all technology and information processing the enterprise puts in place to achieve its goals,regardless where the processing is located in the enterprise.Recommendation

Governance system refers to the structures, processes, policies, and practices that an organization,…

Answered: Principle 3 A governance system should…

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter13: Emerging Topics In Managerial Accounting

Section: Chapter Questions

Problem 5MCQ: Beginning with strategy, which of the following items lists the areas of the business sustainability...

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Principle 3
A governance system should be dynamic. This means that each time one or more of the design factors
are changed (e.g., a change in strategy or technology), the impact of these changes on the EGIT
system must be considered. A dynamic view of EGIT will lead toward a viable and future-proof EGIT
system.
Current Practice
Recommendation
Principle 4
A governance system should clearly distinguish between governance and management activities and
structures.
Current Practice
Recommendation
Principle 5
A governance system should be tailored to the enterprise's needs, using a set of design factors as
parameters to customize and prioritize the governance system components.
Current Practice
Recommendation
Current Practice
Principle 6
A governance system should cover the enterprise end to end, focusing not only on the IT function but
on all technology and information processing the enterprise puts in place to achieve its goals,
regardless where the processing is located in the enterprise.
Recommendation

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2019 COBIT

Principle 1

Each enterprise needs a governance system to satisfy stakeholder needs and to generate value from the use of I&T. Value reflects a balance among benefits, risk and resources, and enterprises need an actionable strategy and governance system to realize this value.

Current Practice Recommendation

Principle 2

A governance system for enterprise I&T is built from a number of components that can be of different types and that work together in a holistic way.

Current Practice Recommendation

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