Data Governance: How it Effects Your Bottom Line (Completed)

The power of data in driving businesses today is well-recognized. Data has become power, and data-based decisions are the norm. Firms have a lot of data coming in externally and more data is being created or updated internally, so the idea of data being ‘governed’ makes sense.

That said, what exactly is data governance and what does data governance do for the bottom line?

Simply put, data governance is a set of processes that ensures that important data assets are formally managed throughout the enterprise. It ensures that trusted information is used for critical business processes, decision making and accounting.

Who Should Attend
Financial officers, controllers and chief financial officers; financial, managerial and cost accountants; financial and business analysts; budget managers and analysts; risk managers; chief information officers and information technology professionals.

Topics Covered

• Overview of data governance— frameworks, policies and procedures
• Life cycle of data
• Controls against security breaches

Learning Objectives

• Describe data governance, including the managing the availability, usability, integrity, and security of data
• Recognize how to demonstrate data governance frameworks, such as COSO's Internal Control framework and ISACA's COBIT (Control Objectives for Information and Related Technologies)
• Identify the stages of the data life cycle; i.e., data capture, data maintenance, data synthesis, data usage, data analytics, data publication, data archival, and data purging
• Describe the importance of having a documented record retention (or records management) policy
• Identify and explain controls and tools to detect and thwart cyberattacks, such as penetration and vulnerability testing, biometrics, advanced firewalls, and access controls

Level
Basic

Instructional Method
Group: Internet-based

NASBA Field of Study
Information Technology (2 hours)

Program Prerequisites
None

Advance Preparation
None