Who do you call? Crest Forensic Services
The period prior to the festive season (December holidays), during the festive season and January months are always the time when organisations, companies, experience great losses.
The period prior to the festive season (December holidays), during the festive season and January months are always the time when organisations, companies, experience great losses.
In today's digital era, effective governance of information technology (IT) is crucial for organizations seeking to harness the full potential of technology while managing associated risks. ISO 38500:2024, the international standard for corporate governance of IT, provides a framework for organizations to ensure that IT supports and aligns with their strategic objectives.
Clause 7 of ISO 38500:2024 provides detailed guidance on establishing a robust governance framework for information technology (IT) within organizations. This framework is essential for aligning IT strategies with business goals, ensuring compliance, and managing risks effectively.
In the context of combined assurance, the statement emphasizes the importance of evaluating and rating controls within an organization using both internal and external audit reports. This evaluation focuses on two key dimensions: adequacy and effectiveness, all while ensuring that these controls operate within specified risk tolerance limits.
The international standard for the corporate governance of IT, provides a structured framework for this purpose. Clause 5 of this standard, titled "Responsibilities of Governing Bodies," outlines the crucial roles and duties that governing bodies must fulfill to ensure effective IT governance.
Crest Advisory Africa is a boutique company specialising in corporate governance. The business’ Governance, Risk Management, and Compliance (GRC) software helps us to assess risks, conform to regulations, and establish unwavering enterprise policies with innovative methods. Here we explore Crest Advisory Africa’s contribution to its industry as it wins its title in our Technology Innovator Awards 2024.
CAA was the first to request from the Certification body, permission to conduct Virtual Management System Audits (VMSA). This is usually not permitted, but in the face of COVID-19 and the fact that we are still many months away from creating a solution, we need to think how do we ensure that the companies which are ISO Certified, do not lose their certification during this Global pandemic.
Clause 7 of ISO 38500:2024, titled "Framework for the Governance of IT," outlines a comprehensive approach to managing and overseeing the use of Information Technology (IT) within organizations.
The governance of Information Technology (IT) is a critical aspect of modern organizational leadership, ensuring that IT resources are aligned with business goals and delivering value responsibly and ethically. ISO 38500:2024 provides a comprehensive framework for IT governance, with Clause 5 outlining 12 principles that governing bodies should adhere to for effective IT governance.
What a year to start with. Since the COVID-19 Pandemic started in February - March 2020, every business around the world must re-think their business continuity strategies and how they will be doing business in the new, post-COVID-19 world. Several businesses have liquidated and could not change with the times, for a plethora of reasons. At CAA, we went through the same business continuity and succession processes. Where several of our services have been demanding Face-to-Face (FtF) engagements, we changed to virtual training, virtual consulting, virtual audits.
One of the processes within the Business Continuity Management System (BCMS) is the development of a Business Impact Analysis (BIA).