Regional Formation and Development Studies

Today, in knowledge and information technology era, the world’s businesses, both large and small, are increasingly seeking to use information technologies – especially information systems. There are implemented and maintained several of information systems: resource view based, customer orientated, document exchange information systems and universal ones, as opposed to specialized, and contains a lot more functionality offer. Information systems are implemented to ensure the core business functionality by automating certain processes, providing benefits such as business process transparency, arrangement and actualization. By the use of information systems certain services became popular, which are related with the established information system maintenance – the ongoing process of auditing, risk identification and management, and compliance regulations, laws, standards and guidelines. Such compliance is essential for the better functioning of information systems and aligns its activities. This article explores a theory of IT outsourcing and IT Compliance definition to give an idea of the need for it, and point to the benefits organizations can in carrying out these processes – system dynamics modeling research method was used in following research.