Auditing Software Inventory Management | CISA Exam Preparation

Concerns in Auditing Software Inventory Management

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Question

Which of the following should be of GREATEST concern when conducting an audit of software inventory management?

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Explanations

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A. B. C. D.

C.

When conducting an audit of software inventory management, the greatest concern should be unlicensed software. Unlicensed software can lead to legal and financial risks for the organization. Therefore, it is essential to ensure that all software used by the organization is licensed properly. This includes ensuring that the software is purchased from authorized vendors and that the organization has the appropriate licenses for the software based on the number of users and the intended use of the software.

Missing licensing paper contracts, development libraries not included in inventory records, and anti-virus software not regularly upgraded are also important considerations during an audit of software inventory management. However, they are not as significant as unlicensed software.

Missing licensing paper contracts can be a concern because they may be necessary to verify software licenses in case of an audit or legal dispute. Development libraries not included in inventory records may lead to inaccuracies in the inventory records and make it difficult to track software usage. Anti-virus software not regularly upgraded can be a concern because it may leave the organization vulnerable to security threats. However, these issues do not pose the same level of legal and financial risks as unlicensed software.

In conclusion, when conducting an audit of software inventory management, the greatest concern should be unlicensed software. It is essential to ensure that all software used by the organization is licensed properly to avoid legal and financial risks.