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ISACA released COBIT 5, the only business framework for the governance and management of enterprise IT. The new version of COBIT promotes seamless continuity between an enterprise’s IT department and its overall business goals, and represents a major evolution of the globally accepted framework in use at enterprises worldwide for more than 15 years.

The new framework is available from ISACA, a non-profit global association of more than 95,000 IT governance professionals, as a free download at www.isaca.org/cobit.

According to a recent global survey of more than 3,700 IT professionals who are members of ISACA, nearly half of respondents’ enterprises (44 per cent) are planning to increase their IT-related investments selectively in the next 12 months, based on expected contribution to business value. The survey also showed that 74 per cent of executive teams consider information and technology to be very important to the delivery of the enterprise’s strategy and vision.

COBIT 5 provides globally accepted principles, practices, analytical tools and models designed to help business and IT leaders maximize trust in, and value from, their enterprise’s information and technology assets. This update is the result of a four-year initiative led by a global task force and has been reviewed by more than 95 experts worldwide. COBIT 5 can be tailored to meet an enterprise’s specific business model, technology environment, industry, location and corporate culture.

Because of its open design, it can be applied to meet needs related to information security, risk management, governance and management of enterprise IT, assurance activities, legislative and regulatory compliance, and financial processing or CSR reporting.

The new version of COBIT is also designed to integrate other approaches and standards, including TOGAF, PMBOK, Prince2, COSO, ITIL, PCI DSS, the Sarbanes-Oxley Act and Basel III.