Organizations are more concerned about the appropriate IT governance. The growing dependency on IT due to the increasing volume of business process automation further challenges the role of Information System Auditor. IT Governance Institute has developed COBIT as a model for this purpose.AS one of the most important and widely adopted performance measurement methods, COBIT is an attractive tool to measure and evaluate IT contribution to corporate performance. In this paper, we review the potential role of information technology as a corporate governance tool and explore the Control Objectives for Information and related Technology (COBIT). As the worlds leading IT governance and control framework COBIT should be gauged not only in simple control terms but by reference to the useful assessment of corporate governance efficiency.