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COBIT IT Asset Management Audit Checklist

A comprehensive checklist for auditing IT asset management practices based on the COBIT framework, covering key areas such as asset acquisition, deployment, maintenance, monitoring, and disposal.

COBIT IT Asset Management Audit Checklist

by: audit-now
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About This Checklist

The COBIT IT Asset Management Audit Checklist is a crucial tool for organizations aiming to optimize their IT asset lifecycle management within the COBIT framework. This comprehensive checklist enables IT asset managers, finance professionals, and auditors to systematically evaluate and improve their organization's IT asset management practices. By addressing key asset management domains outlined in COBIT, this checklist helps identify inefficiencies, ensure compliance with licensing agreements, and implement effective asset control measures. It serves as a guide for organizations to build a robust IT asset management framework that enhances cost-effectiveness, improves resource utilization, and aligns with overall business objectives.

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Industry

Information Technology

Standard

COBIT - Control Objectives for Information Technologies

Workspaces

IT departments
Corporate offices
Data Centers

Occupations

IT Asset Manager
IT Procurement Specialist
Finance Manager
IT Operations Manager
Compliance Officer
1
Is the IT asset inventory up to date?
2
Are all assets documented through their entire lifecycle?
3
What percentage of IT assets are compliant with licensing agreements?
Min: 0
Target: 100
Max: 100
4
Are cost optimization practices implemented for IT asset management?
5
Have all software license agreements been reviewed and approved?
6
List any software that is currently non-compliant with licensing agreements.
7
What is the total number of software assets in use?
Min: 0
Target: 0
Max: 10000
8
Has the annual license cost been reviewed for optimization?
9
Is there documented evidence of the asset acquisition process?
10
Are all asset disposals compliant with environmental and data security regulations?
11
What is the average lifespan of IT assets in your organization?
Min: 1
Target: 0
Max: 20
12
Are regular maintenance practices in place for IT assets?
13
Is the IT governance framework properly implemented across the organization?
14
Are all compliance policies documented and accessible to relevant stakeholders?
15
What percentage of employees have completed compliance training?
Min: 0
Target: 100
Max: 100
16
Has the incident response plan been tested in the past year?
17
How frequently are risk assessments conducted for IT assets?
18
Are all identified risks documented and tracked?
19
What percentage of identified risks have mitigation plans in place?
Min: 0
Target: 100
Max: 100
20
Have staff received training on risk management practices?

FAQs

This checklist covers areas such as asset acquisition, deployment, maintenance, monitoring, and disposal, all aligned with COBIT principles for IT governance and management.

By providing a structured approach to evaluating asset management processes, the checklist helps identify underutilized assets, optimize licensing, and improve procurement strategies, leading to significant cost savings.

The audit should involve IT asset managers, procurement specialists, finance managers, IT operations staff, and compliance officers.

Organizations should conduct this audit annually, with more frequent assessments recommended for high-value or rapidly changing asset categories.

Yes, this checklist includes sections specifically designed to assess software license management practices, helping organizations avoid costly compliance issues and optimize their software investments.

Benefits of COBIT IT Asset Management Audit Checklist

Ensures comprehensive tracking and management of IT assets throughout their lifecycle

Identifies potential cost savings and optimization opportunities in IT asset utilization

Facilitates compliance with software licensing agreements and regulatory requirements

Enhances decision-making for IT investments and asset retirement

Supports better financial planning and budgeting for IT resources