IT Governance, Risk, and Compliance

Jan 10 2013   3:33AM GMT

eBook excerpt: Assuring Information Security – Part IX



Posted by: Robert Davis
Tags:
Accountability
Acquire and Implement
Adaptive Systems
Asset Management
Assurance Services
Availability Management
COBIT
COBIT Domains
Control Environment
Control Objectives
Control Objectives for Information and related Technology
Deliver and Support
Due Diligence
Fiduciary Responsibility
Framework
Information Assets Protection
Information Security Governance
Information Security Management
ISG
Key Performance Indicators
Monitor and Evaluate
Performance Measurement
Plan and Organize
Risk Management
Strategic Alignment
Value Delivery

In fulfilling addressable COBIT information criteria, an IAP program should include processes and steps for assessing tangible as well as intangible property.  The distinction between tangible and intangible is the physical nature of the property.  Properties having a physical existence — such as buildings and fire extinguishers — are tangible; and properties having no physical existence — such as patent rights and computer programs — are intangible.  Acquired or created information, with ownership rights, should be classified as an intangible asset.  Intangible assets may have explicit or implicit legal protection and retention mandates imposed by governmental entities.  Thus, as with other intangible assets, an entity’s management should provide adequate safeguards to preserve information value as well as comply with applicable information related laws, regulations and standards to fulfill their fiduciary responsibilities.  Consequently, roles for information value delivery and support should be clearly documented for accountability determination.

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