Audit glossary

Governance

How an organisation is directed, controlled and held to account.

CIACISAAAIA

Governance is the combination of structures and processes the board uses to inform, direct, manage and monitor the organisation towards its objectives. IT and AI governance apply the same idea to technology.

On the exam

Accountability sits with the board and senior management; IT or data teams execute.

Related terms

  • Three lines modelHow governance, management and internal audit share roles in managing risk.
  • AI governanceThe policies, roles and oversight that keep AI use accountable.

Test yourself with today’s question of the day.