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Accounting and IT Control Frameworks

In most companies of any size, data moves between multiple business groups and IT systems on its way from initial transactions to the reports that the CEO and CFO must attest to.

Attesting to the accuracy of the data requires confidence in accounting procedures and controls. These are addressed within the COSO framework.

The SOX 404 attestation also requires confidence in the IT systems that house, move, and transfom data. This requires confidence in the processes and controls for those IT systems and databases. The COBiT framework was designed to address IT concerns.