Financial audits are no longer confined to financial transactions. Over the past several years, the scope of a standard financial audit has expanded to include the technology systems that produce and process those transactions — and most IT teams were not prepared for the change. The shift has a regulatory anchor. The revised ISA 315 standard, which governs how auditors identify and assess risks of material misstatement, explicitly requires auditors to understand the IT envir

Most organisations do not have an accurate view of what technology they are licensed for, what they are actually using, and what they are paying for. This is not a procurement failure. It is a current-state visibility problem ; and the data that would resolve it exists, distributed across HR systems, finance platforms, IT service management tools, and procurement records that do not routinely talk to each other. The license landscape accumulates complexity in the same way the