Buying or selling even the most lucrative business isn’t as simple as exchanging checks. Without an in-depth investigation of factors beyond financials, you potentially miss out on unaccounted expenses and liabilities that you would’ve noticed with code analysis.
Code audits are critical to unearthing any issues with software and products you’re about to sell or inherit. According to industry experts, an hour spent coding can save thirty-three in maintenance. Are you not sold yet? Find out why a code audit is necessary before making an exchange.
Posted: 07 Nov, 2020
A code audit allows buyers and sellers to determine whether the codebase is written according to industry standards and is sufficiently secure. It can also scan for whether a product is up-to-date and doesn’t violate copyright infringement.
Code audits are particularly useful for older programs that may be relying on outdated tools. You never know when malicious code could be lurking beneath a seemingly innocuous program.
Through a code audit, buyers can ascertain how much of a codebase was written by in-house developers, third parties, and an open-source. They can establish methodologies and spot any security vulnerabilities or functional gaps that a seller can adapt before closing the deal.
With dynamic code analysis tools, buyers can unearth any bugs hidden deep within the software infrastructure. As a general rule, note code that appears to be riddled with unusual patterns. The sooner you spot a bug, the quicker—and more affordable—it’ll be to fix.
There are three phases involved in a manual code audit:
Reading thousands of lines of codes can quickly become overwhelming. As such, you’ll want to break down the process into shorter, bite-sized modules such as:
As a general rule, hire another set of eyes to review the code alongside your developer, who may be too familiar to spot outliers. Specify the scope of the audit beforehand to avoid overlooking serious risk areas and perform regular reviews throughout the development of the project.
You don’t want to buy or sell an unstable program. By auditing your code, you’ll know when you need to implement updates or improve infrastructure security. Work with a development and testing team for a thorough review that won’t miss any steps.
Equip yourself with the right code review tools with Uncut Lab, where we improve technological efficiency and ensure regulatory compliance. With us, your software development process becomes seamless and mor e professional than ever. Contact us today to see how we can help you!