Group Assignment 1: Developing IT Compliance Program The IT compliance program cannot be conceived in isolation and devoid of the key links to non-IT and financial compliance. Effective IT compliance requires an aggregate vision and architecture to achieve compliance that goes beyond becoming infatuated with a given control framework. As a group, provide a detailed plan of action based on life cycle concepts to develop and deploy an ongoing IT compliance process. Your plan should provide practical knowledge on what you should consider when developing and implementing an IT compliance program for key regulations such as Sarbanes-Oxley, HIPAA, GrammLeach-Bliley, PCI and others to achieve meaningful IT governance. Your plan should include the following:
· Your detailed plan should include the following phases: initiate, plan, develop and implement.