Compliance Glossary

COBIT 5, stands for Control Objectives for Information Related Technologies, 5th Edition. It is a framework for managing and governing corporate IT created by The Information Systems Audit and Control Association, or ISACA. 

The framework provides a globally accepted set of tools and resources that help organizations govern and manage their information and technology assets. It essentially guides companies in comprehensively coordinating IT efforts with the overall goals of the business by integrating with several IT management best practices and standards. 

COBIT 5 is a professional certification that attests to an IT personnel’s proficiency in implementing and aligning IT infrastructure with the COBIT 5 framework. It applies to IT professionals who are involved in assurance, governance, security, and risk management. 

There are various levels of the COBIT 5 certification, and that include:

1. Foundation – This equips an individual with a basic understanding of the framework. 
2. Implementation – This focuses on the practical application of the framework 
3. Assessor – This is for those who evaluate and report on the state of an enterprise IT governance and its implementation. 

Five principles form the foundation of COBIT 5:

1. Fulfilling the requirements of the stakeholders
2. Coverage across the entire enterprise
3. Application of a single integrated framework
4. Separation of governance from management
5. Enabling a holistic approach

The certification process involves completing an accredited training course and passing an examination that tests an individual’s understanding of the subject matter.

The certification can significantly enhance an individual’s career prospects. It equips them with knowledge and skills to bridge the gap between technical skills, business risks, and control requirements.