Developing IT Compliance Program ?Discuss the challenges IT divisions face in achieving regulatory compliance? Assess how IT governance will improve the effectiveness of the IT Division to attain regulatory compliance?Develop a broad vision, an architecture, and a detailed plan of action that follows a life cycle concept? Assess all key business processes and IT compliance factors and link to all business processes (financial and non-IT) to develop an aggregate vision of IT compliance? Your detailed plan should include the following phases: initiate, plan, develop and implement.