For many firms, IT is increasingly becoming “the engine that drives the business,” but the new opportunities IT creates also bring with them new risks. Clear communication and strong relationships must exist to make sure that nothing is overlooked in IT governance efforts.
Even though few directors consider themselves IT experts, they can draw on many sources of expertise to guide their actions. And by acknowledging that sometimes they will have more questions than answers, audit committee chairs can become comfortable discussing IT, much as they have become comfortable with other, more traditional audit committee discussion topics.
Read the full paper, published by Tapestry Networks and Ernst & Young.