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A software licensing audit or software compliance audit is an important sub-set of software asset management and component of corporate risk management. When a company is unaware of what software is installed and being used on its machines, it can result in multiple layers of exposure.
Sourcing from multiple suppliers allows an organization to maintain in-house technical teams or large single source suppliers, and become more adaptable by taking advantage of competitive marketplace behaviors which incentivise cost reduction and leverage innovation.
Quizlet was founded in 2005 by Andrew Sutherland as a studying tool to aid in memorization for his French class, which he claimed to have "aced". [ 6 ] [ 7 ] [ 8 ] Quizlet's blog, written mostly by Andrew in the earlier days of the company, claims it had reached 50,000 registered users in 252 days online. [ 9 ]
Audit technology is a general term used for computer-aided audit techniques (CAATs) used by accounting firms to enhance an engagement. These techniques improve the efficiency and effectiveness of audit findings by allowing auditors to analyze much larger sets of data, sometimes using entire populations of data, rather than taking a sample.
While some scholars argue crowdsourcing for this purpose as a policy tool [98] or a definite means of co-production, [99] others question that and argue that crowdsourcing should be considered just as a technological enabler that simply increases speed and ease of participation. [100] Crowdsourcing can also play a role in democratization. [101]
Computer-assisted audit tool (CAATs) or computer-assisted audit tools and techniques (CAATTs) is a growing field within the IT audit profession. CAATs is the practice of using computers to automate the IT audit processes.
A crowdsourcing support system needs to include 1) Software development tools: requirement tools, design tools, coding tools, compilers, debuggers, IDE, performance analysis tools, testing tools, and maintenance tools. 2) Project management tools: ranking, reputation, and award systems for products and participants.
[64] [65] Co-sourcing can minimize sourcing risks, increase transparency, clarity and lend toward better control than fully outsourced. [ 66 ] Co-sourcing services can supplement internal audit staff with specialized skills such as information risk management or integrity services, or help during peak periods, or similarly for other areas such ...