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This article will aid you to understand some similarities and differences between two frameworks: COSO and COBIT. Some primary knowledge about these two networks is required particularly for E-Commerce. COSO and COBIT are comparable frameworks, COSO's approach is more broad-primarily based, fewer complexes, without a lot technical issues and COBIT is more comprehensive, process-oriented, risk, control needs, and it relates more to technical issues. COBIT covers quality and security requirements corresponding to effectiveness, effectivity, integrity, availability, compliance, confidentiality and reliability of information. These are the foundations for the control targets of COBIT.

As acknowledged by the COSO agenda, the process of inner management contains of five components. These make up for a highly competent framework for investigating and evaluating the system of inner management that's put to use in a business. These parts are stated below:

- "Management Atmosphere, this offers with setting the character of a business and influencing the management awareness of its employees and it consists of the respect, moral values, operating strategies of the administration, system for assigning writerity and the mandatory procedures for organizing and creating the workers in a business association.
- Risk evaluation, which contains the detection and examination of the risks which can be most likely to pose a threat to attaining desired objectives.
- Control Activities, these are the foundations and laws which help in guaranteeing that the orders of the administration are satisfactorily carried out.
- Data and communication which are chargeable for all news associated to the operation and finances and so on of a enterprise that helps in its smooth running
- Monitoring of internal controls which points out any scarcity in its quality making certain it is remedied so the system can be improved "(Bushman, 2007).

The domains of COBIT are:

- Planning and organizing
- Acquisition and implementation
- Mange IT funding
- Delivery and help
- Monitoring and evaluation.

COBIT focuses on IT elements, which are process orientated. Moreover, the COBIT contains the system of development, operation, delivery, and implementation. COBIT helps strengthens evaluation, understanding and train of appropriate inner controls. COBIT also, provides a very good framework for risk management and improves communication among administration, customers and auditors regarding IT governance. Accordingly, COSO focuses on monitoring and evaluation, which is also one of the COBIT's domains. Due to this fact, COSO and COBIT build collectively a strong evaluation of IT based mostly systems and processes.

For example, the corporate is implementing a new system. Therefore, the enterprise can take an advantage of COBIT and COSO. In this case, COBIT shall be very useful to span the system on technology based processes. CABIT would additionally assist in configuration of two different systems (new with an current accounting system). COSO would assist to guage the monetary part and risk. Moreover, the COSO also will overview all accounting related features and the COBIT will help in technological integration and it also will assist with delivery and help of the implementation.

The mix of COSO and COBIT will probably be very beneficial for AFM Corporation. All analysis and documentation of processes could possibly be scoped by the COSO framework and all technological points might be reviewed in details by the COBIT framework. COBIT would additionally assist with the advancedity of software system. Then again, the COSO will assist management activities and the COBIT will assist in detailed monitoring and evaluating.

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