Final answer:
Information technology governance is a framework and set of processes that ensure the strategic use of IT and control over IT resources. It is not a component of IT auditing but focuses on fulfilling an organization's mission. While IT governance may contribute to deterring IT fraud, it is not its primary objective.
Step-by-step explanation:
Information technology governance is a framework and set of processes that ensures both the strategic use of IT and control over IT resources.
It is not a component of IT auditing, but it does share some similarities. IT governance focuses on ensuring that IT is used strategically to fulfill an organization's mission, while IT auditing is more concerned with examining and evaluating the effectiveness of IT controls and processes.
While IT governance may contribute to deterring IT fraud as part of its broader goal of control, IT fraud prevention is not its primary objective.