Five processes are identified: Evaluate, Direct and Monitor (EDM); Align, Plan and Organize (APO); Build, Acquire and Implement (BAI); Deliver, Service and Support (DSS); and Monitor, Evaluate and Assess (MEA).
[2] The COBIT framework ties in with COSO, ITIL,[3] BiSL, ISO 27000, CMMI, TOGAF and PMBOK.
[4] Below are COBIT components: The standard meets all the needs of the practice, while maintaining independence from specific manufacturers, technologies and platforms.
"[6] ISACA first released COBIT in 1996, originally as a set of control objectives[clarification needed] to help the financial audit community better maneuver in IT-related environments.
The development of both the AS 8015: Australian Standard for Corporate Governance of Information and Communication Technology in January 2005[8] and the more international draft standard ISO/IEC DIS 29382 (which soon after became ISO/IEC 38500) in January 2007[9] increased awareness of the need for more information and communication technology (ICT) governance components.