COBIT, or Control Objectives for Information and Related Technology, is a framework developed by ISACA for IT governance and management, ensuring quality and reliability in information systems. It focuses on four domains: planning and organization, delivering and support, acquiring and implementation, and monitoring and evaluation, providing various maturity models and metrics for IT process assessment. The latest COBIT 5.0 version enhances organizational collaboration and addresses IT management issues, benefiting CIOs, risk committees, and IT professionals.