Question

Which of the following policy frameworks is a widely accepted set of documents that is commonly used as the basis for Sarbanes-Oxley (SOX) compliance, and is an initiative from ISACA?

1) COBIT
2) ISO 27001
3) NIST
4) ITIL

Answer 1

COBIT, an initiative from ISACA, is the accepted framework used for Sarbanes-Oxley (SOX) compliance, aimed at improving IT governance in line with financial regulations.

Step-by-step explanation:

The policy framework that is widely accepted and commonly used as the basis for Sarbanes-Oxley (SOX) compliance, and is an initiative from ISACA, is COBIT (Control Objectives for Information and Related Technologies). COBIT provides guidelines and best practices for governing and managing enterprise IT which aligns with the requirements of the Sarbanes-Oxley Act.

The SOX act was designed by the government following accounting scandals with various corporations to enforce regulations that protect investors by enhancing the reliability of corporate financial disclosures.