Single logo
LoginSign Up

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
4.3

Get Template

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.

Learn more

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?

Select the current status of the asset inventory.

To ensure accurate tracking and management of IT assets.
2
Are all assets documented through their entire lifecycle?

Provide details on asset lifecycle documentation.

To verify that asset management practices are followed throughout the asset lifecycle.
3
What percentage of IT assets are compliant with licensing agreements?

Enter the percentage of compliant IT assets.

To assess the level of compliance with software licensing.
Min: 0
Target: 100
Max: 100
4
Are cost optimization practices implemented for IT asset management?

Select whether cost optimization practices are in place.

To ensure that resources are utilized efficiently and costs are minimized.
5
Have all software license agreements been reviewed and approved?

Select the review status of the software license agreements.

To confirm that all software uses are compliant with licensing terms.
6
List any software that is currently non-compliant with licensing agreements.

Provide details of any non-compliant software.

To identify potential risks and liabilities related to software usage.
7
What is the total number of software assets in use?

Enter the total number of software assets.

To keep track of software inventory for compliance and management.
Min: 0
Target: 0
Max: 10000
8
Has the annual license cost been reviewed for optimization?

Select whether the annual license cost has been reviewed.

To ensure that costs are managed effectively and are in line with budget.
9
Is there documented evidence of the asset acquisition process?

Provide details on the asset acquisition process documentation.

To ensure that all asset acquisitions follow established procedures and are accountable.
10
Are all asset disposals compliant with environmental and data security regulations?

Select the compliance status of asset disposals.

To verify that asset disposal practices adhere to legal and organizational standards.
11
What is the average lifespan of IT assets in your organization?

Enter the average lifespan of IT assets in years.

To assess whether assets are being utilized effectively throughout their lifecycle.
Min: 1
Target: 0
Max: 20
12
Are regular maintenance practices in place for IT assets?

Select the status of maintenance practices for IT assets.

To ensure that assets are maintained properly to prolong their lifespan and performance.
13
Is the IT governance framework properly implemented across the organization?

Select the implementation status of the IT governance framework.

To ensure that IT governance principles are applied effectively for decision-making.
14
Are all compliance policies documented and accessible to relevant stakeholders?

Provide details on the documentation and accessibility of compliance policies.

To verify that compliance policies are communicated effectively within the organization.
15
What percentage of employees have completed compliance training?

Enter the percentage of employees who have completed compliance training.

To assess the effectiveness of compliance training programs within the organization.
Min: 0
Target: 100
Max: 100
16
Has the incident response plan been tested in the past year?

Select the status of the incident response plan testing.

To ensure that the organization is prepared to respond effectively to incidents.
17
How frequently are risk assessments conducted for IT assets?

Select the frequency of risk assessments.

To evaluate the regularity of risk management practices within the organization.
18
Are all identified risks documented and tracked?

Provide details on the documentation and tracking of identified risks.

To ensure that all risks are recognized and managed appropriately.
19
What percentage of identified risks have mitigation plans in place?

Enter the percentage of identified risks that have mitigation plans.

To assess the effectiveness of the risk management process.
Min: 0
Target: 100
Max: 100
20
Have staff received training on risk management practices?

Select the status of risk management training for staff.

To ensure that employees are adequately prepared to manage risks effectively.

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