Kd reference it investment

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Unformatted text preview: the IT function directorate? KD Reference: _______________________________ _ IT Investment Management Whether the IT budgetary process is consistent with the organisation's process? KD Reference: _______________________________ _ Whether policies and procedures are in place to ensure the preparation and appropriate approval of an annual IT operating budget which is consistent with the organisation's budget and long- and short-range plans, and the IT long- and short-range plans? 45 46 47 48 49 50 51 52 53 IT Audit Manual Volume III Yes Response No KD 13 IT Audit Manual No. 54 55 56 57 58 59 60 61 62 Item Yes Response No KD KD Reference: _______________________________ _ Whether the budgetary process is participatory with the management of the IT function's major units contributing in its preparation? KD Reference: _______________________________ _ Whether policies and procedures are in place to regularly monitor actual costs and compare them with the projected costs, and the actual costs are based on the organisation's cost accounting system? KD Reference: _______________________________ _ Whether policies and procedures are in place to guarantee that the delivery of services by the IT function is cost justified and in line with industry costs? KD Reference: _______________________________ _ Communicate management aims and direction Whether organisation policies and procedures create a framework and awareness programme, giving specific attention to information technology, fostering a positive control environment, and addressing such aspects as: • integrity • ethical values • code of conduct • security and internal controls • competence of personnel • management philosophy and operating style • accountability, attention and direction provided by the board of directors or its equivalent KD Reference: _______________________________ _ Whether top management promotes a positive control environment by example? KD Reference: _______________________________ _ Whether management has accepted full responsibility for formulating, developing, documenting, promulgating, controlling and regularly reviewing policies governing gen...
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