IIA’s GAIT Methodology: Update | Norman Marks on Governance, Risk Management, and Audit

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I want to thank everybody for answering my quick survey on the IIA’s GAIT Methodology.

As a reminder, the IIA decided to ‘retire’ the Methodology as they were only getting a few downloads. I don’t believe they knew how many companies are using it as an essential tool in defining an efficient and effective scope for SOX when it comes to ITGC.

I am pleased that even though it was over the Memorial Day weekend, the survey got 59 responses. Here are the results.

Q1. Are you familiar with the IIA’s GAIT Methodology for SOX and ITGC?

– 80% said Yes

Q2. Are you interested in learning more about GAIT?

– 75% said yes

Q3. If you are using GAIT, has it been of value? Would you recommend it?

– 48% gave 5 stars

– 24% gave 4 stars

-17% gave 3 stars

Q4. The IIA (Global and Americas) has retired the GAIT Methodology because of few downloads. However, it remains valid. Should they add it back to their website?

– 85% said yes

– 8% said no

Some added helpful comments and insights:

  • I haven’t lived in this world for a while but at the time, GAIT brought a much needed, perspective to an aspect of SOX that was both misunderstood and sometimes arbitrary.  It is valuable, not only for its content but the pragmatic approach used in its creation; is a good model to learn and follow and was refreshing in…

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