Skip to Content

What Business Leaders Should Audit In Their Technology Environment At The Start Of The Financial Year

July 7, 2026 by
What Business Leaders Should Audit In Their Technology Environment At The Start Of The Financial Year
V3locity Global, Moses Mubiru

The start of a financial year is a good time to review budgets, targets, controls, risks, and accountability. Technology should be part of that review.

Many organisations only review IT when something breaks. That approach leaves management exposed to risks that may already be visible in daily operations: shared passwords, weak backup evidence, unmanaged email accounts, unclear vendor reporting, slow approvals, and unreliable management reports.

A practical technology audit review does not need to be complicated. It should answer a few management questions.

First, who has access to critical systems? Staff join, leave, change departments, and receive temporary access. If user accounts are not reviewed, the organisation may carry unnecessary risk into the new financial year.

Second, can critical data be recovered? A backup is only useful if it is running, monitored, and tested. Management should not rely on assumptions. It should ask for evidence.

Third, are vendors accountable? IT suppliers should provide clear reports, recurring issue analysis, recommendations, and next actions. If management only sees invoices and emergency requests, accountability is weak.

Fourth, are key processes controlled? Finance, procurement, approvals, HR, stock, CRM, and reporting processes often depend on spreadsheets, email, and WhatsApp. These tools are useful, but they can weaken audit trails and management visibility when they become the main control system.

Fifth, are digital platforms helping the organisation? Websites, forms, hosting, email, and CRM should support trust, enquiries, follow-up, and reporting.

The objective is not to create a long technical report. The objective is to identify the most important risks, evidence gaps, and practical improvements for the next 90 days.

Book a Financial Year Technology Audit Review

Share this post
Warning: That antivirus website could be a fake