Audit Responsibility the roles, scope and objectives documented in the service level agreement between management and audit. Cadbury the Committee on the Financial Aspects of Corporate Governance, set up in May 1991 by the UK Financial Reporting Council, the London Stock Exchange and the UK accountancy profession, was chaired by Sir. Adrian Cadbury and produced a report on the subject commonly known, in the UK, as the Cadbury Report. COCO Criteria Of Control, published by the Canadian Institute of Chartered Accountants in 1995. Computer Assisted Audit Techniques see CAATs Corporate Governance the system by which organizations are directed and controlled.
Boards of directors are responsible for the governance of their organization.
Detailed IS Controls controls over the acquisition, implementation, delivery and support of IS systems and services. Examples include controls over the implementation of software packages, system security parameters, disaster recovery planning, data input validation, exception report production, locking of user accounts after invalid attempts to access them, etc. Application controls are a subset of detailed IS controls. Data input validation for example, is both a detailed IS control and an application control. Due Care diligence which a person would exercise under a given set of circumstances.