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ARTICLE · 16 OCTOBER 2018

Key Components Of Software Audit Response Policies

Scott & Scott LLP
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Software audits are significant legal and financial risks for all companies.

United StatesAccounting and Audit
Christopher Barnett
Christopher Barnett
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Software audits are significant legal and financial risks for all companies. With more and more software publishers utilizing intrusive audits and other information-gathering exercises as the basis for licensing transactions and – more troublingly – as sources of revenue through compliance-enforcement actions, more of our clients are implementing detailed policies to define whether and how to respond to such matters. Here are some of the key topics that all such policies should address:

  • Who? (Software Audit Response Teams) – One of the key benefits of a software-audit response policy is a clear specification of which team members will be responsible for responding to inquiries from software publishers (and their representatives). Confusion as to staffing on audit responses is among the greatest challenges and sources of risk that businesses face in all audit matters. Many publishers are expert at gathering information from multiple sources within an

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