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Standardise IT compliance systems to ease burden, urge BCS delegates

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Stronger IT governance is needed across the industry, a BCS conference has been told. Although IT has never before had such an important role in business, there is less control over it now than there once was, attendees said.

IT governance frameworks, such as Cobit, ITIL and Coso, have an important role in the IT landscape as a result of legislation such as the US Sarbanes-Oxley Act and the Patriot Act, which can land firms with heavy penalties for non-compliance. European regulations with implications for IT include Basel 2 and the Markets in Financial Instruments Directive.

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