Reference no: EM131980107

Discussion 1. "Compliance"

Respond to the following:

• Examine the Sarbanes-Oxley Act (SOX). In your opinion, determine whether SOX has been able to achieve what it was intended to do and if it has reduced the unethical business practices that led to its enactment. Provide two examples to support your reasoning.

• Evaluate the five essential control components for managers and auditors established by the Committee of Sponsoring Organizations of the Treadway Commission (COSO). Determine the control that is the most critical for the well-being of any company and explain why.

Discussion 2. "Control Objectives for Information and Related Technology (COBIT) and Information Technology Infrastructure Library (ITIL)"

Respond to the following:

• From this week's video, perform a high-level analysis of the four major domains of COBIT. (Keep in mind that COBIT is intended to make sure that IT provides the systematic rigor needed for the strong internal controls and Sarbanes-Oxley compliance.) Select the domain that you believe to be the major concern for IT and explain why.

• Evaluate the concepts and techniques covered by ITIL. Select the concept that you believe to be the most critical for any business and support your position.