What Is It?
COBIT stands for "Control Objectives for Information and Related Technology" and is a basis for auditing the IT management function.
ISACA (Information Systems Audit and Control Association ) released a set of control objectives for business applications... the first
edition of COBIT.
The second version was released, with the implementation tool set and high level and detailed control objectives being added.
The third version of COBIT was released, which includes management guidelines.
ITGI (IT Governance Institute) becomes the prime publisher of the framework
The Sarbanes-Oxley Act becomes law. This has a significant impact upon the up take of COBIT in the United States.