How to Audit Software

As technology continues to play an increasingly important role in businesses of all kinds, software audits have become essential to ensure that companies are using reliable and secure software. In a software audit, a company's software is reviewed to assess its performance, security, and compliance with legal requirements. In this article, we'll explore what software audits are and why they are important, as well as provide tips and best practices for conducting a successful software audit.

What is a Software Audit?

A Software Audit is a comprehensive review of the software used in your organisation. It helps you identify vulnerabilities, ensure compliance, and assess the overall quality of your software. With the increasing reliance on technology in business operations, it's crucial to perform regular software audits to mitigate risks and protect your business.

Benefits of a Software Audit

1. Identifying security risks

A software audit can help you identify vulnerabilities in your software that may be exploited by cybercriminals.

2. Ensuring compliance

Compliance is critical in the legal and tech industry, and a software audit can help you ensure that your software complies with industry standards, best practices, and regulations, such as GDPR and privacy.

3. Improving quality

A software audit can help you identify areas where your software can be improved, such as reducing bugs and increasing efficiency and scalability.

4. Enhancing customer trust

Regular software audits show that you take security seriously and are committed to providing your customers with high-quality, secure software.

How to perform a Software Audit

Performing a software audit may sound complicated, but with the right tools and expertise, it can be done efficiently and effectively. Here are the steps involved in performing a software audit :

1. Define the scope

Before beginning a software audit, it's important to define the scope of the audit. This includes determining which software will be audited and the specific areas of the software that will be evaluated. It's also useful to be clear on the objectives you want to achieve with a software audit: is it to reassure your client; to improve processes internally; to validate the software's scalability before an M&A ? Whatever the objective, it's important to ensure that all relevant software is included in the audit and that the audit is focused on the areas of the software that are most critical to your business operations.

2. Gather information

Once the scope of the audit has been defined, the next step is to gather all relevant information about the software. This includes documentation, licenses, and access rights. It's important to have a complete understanding of the software and how it's being used in your organization to ensure that the audit is comprehensive.

3. Identify vulnerabilities

One of the primary goals of a software audit is to identify vulnerabilities in the software that may be exploited by cybercriminals. To do this, software scanning tools are used to identify potential security threats. These tools can identify vulnerabilities such as outdated software versions, unsecured access points, and insecure data storage.

4. Assess Compliance

Compliance is critical in the legal and tech industry, and a software audit can help you ensure that your software complies with industry standards and regulations. This includes assessing compliance with relevant laws and regulations, as well as industry-specific standards such as ISO 27001 or SOC 2. Compliance is evaluated through documentation review, interviews with key personnel, and testing of controls.

5. Evaluate quality and scalability

In addition to identifying security risks and ensuring compliance, a software audit also assesses the overall quality of the software. This includes evaluating the software's usability, reliability, and performance and understanding the impact of an increase in users on the performance (this is what we call scalability). Will the software perform as well as it currently does when the user base increases? Quality and scalability are evaluated through user testing, code scanning, and performance testing.

6. Provide recommendations

Once the audit is complete, a comprehensive report is provided with actionable recommendations for improving the software. This includes addressing vulnerabilities, enhancing compliance, and improving quality. The report includes a prioritized list of recommendations to help you focus on the most critical areas first.

Performing a software audit can be a complex process, but it's critical to ensuring the security, compliance, and quality of your software. By following these steps and working with a trusted third party like Vaultinum, you can ensure that your software is secure and reliable, and that your business is protected from potential security threats. 

Why choose Vaultinum for your Software Audit?

Vaultinum is a trusted third party with over 45 years of experience providing IP audit and Tech Due Diligence solutions. Our team of experts uses the latest software scanning tools and techniques to identify vulnerabilities, assess compliance, and evaluate quality. We provide comprehensive reports with actionable recommendations to help you improve the security and integrity of your software.

In conclusion, a software audit is a critical process that should be performed regularly to ensure the security, compliance, and quality of your software. By following the steps outlined in this article and choosing Vaultinum for your software audit needs, you can protect your business from potential security threats and enhance customer trust.

Disclaimer

The opinions, presentations, figures and estimates set forth on the website including in the blog are for informational purposes only and should not be construed as legal advice. For legal advice you should contact a legal professional in your jurisdiction.

The use of any content on this website, including in this blog, for any commercial purposes, including resale, is prohibited, unless permission is first obtained from Vaultinum. Request for permission should state the purpose and the extent of the reproduction. For non-commercial purposes, all material in this publication may be freely quoted or reprinted, but acknowledgement is required, together with a link to this website.