Performing due diligence can highlight the strengths and weaknesses of an organisation's IT management regime, in line with good corporate governance practices as defined in King III. This is according to Andries van der Walt, head of IT governance at a large financial organisation.
He says due diligence has become an important issue in the IT industry, due to stakeholders wanting clarity on IT management practices, contractual or legal requirements, or a significant incident prompting attention in this area.
Van der Walt will speak on successfully performing IT governance and due diligence at ITWeb's IT Governance, Risk and Compliance conference, being held on 3 and 4 February at the Forum, in Bryanston.
“IT has become pervasive and essential to almost all organisations. IT governance is about ensuring the right decisions are made in managing the IT investment,” says Van der Walt. He adds that due diligence allows stakeholders to be assured that the best decisions are made.
Van der Walt says organisations should use a generally accepted framework for IT governance, such as ITIL or CobiT, for evaluating the risks and value of IT. "This ensures an internal audit will be trusted by the stakeholders.” One can also easily define an appropriate due diligence strategy and integrate it into the internal audit process, he adds.
ITWeb's IT Governance, Risk and Compliance conference
More information about ITWeb's GRC conference, which takes place on 3 & 4 February 2010 at The Forum in Bryanston is available online here
Other key speakers at the event include analysts and lawyers from Michalsons Attorneys, Edward Nathan Sonnenberg Attorneys, IT Winners, and Analytix. In addition, attendees will have the opportunity to attend a full-day workshop on 4 February, led by Gary Hardy from IT Winners, on the practicalities of implementing IT governance.
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