What is a primary focus of COSO Principle 11 regarding technology controls?

A primary focus of COSO Principle 11 is achieving organizational goals through general controls related to technology. This principle emphasizes the importance of integrating technology into the overall governance, risk management, and internal control processes of an organization. It is concerned with ensuring that technology supports the organization’s objectives and adds value.

By establishing effective general technology controls, organizations can mitigate risks associated with technology, safeguard assets, enhance reliability in financial reporting, and ensure compliance with applicable laws and regulations. Moreover, this principle promotes creating a framework that ensures technology initiatives align with strategic objectives, allowing organizations to leverage technology effectively in pursuit of their goals.

This focus on aligning technology controls with organizational objectives distinguishes Principle 11 as a critical element in enhancing the overall governance and operational framework of organizations.