This paper investigates the business value of IT controls through a study of the four IT general controls (ITGC) processes (Program Development, Program Change, Access to Program and Data, and Computer Operations) in organizations from a business perspective. Through a survey of companies in China that have established and implemented ITGC in compliance with their business regulations in the market, results indicate that program development and program change are the significant dimensions of ITGC that are positively related to the business value of strategic alignment; access to program & data has positive influence to the business value of system security; computer operation is significantly related to the business value of system performance. These have implications for organizations in their IT resources allocation and management for the generation of greater value in business management and business development.