Source Code Review
Source code review of your applications code is the most effective way to detect any potential vulnerabilities.
The process should ideally be conducted whilst the application is within the development stages to ensure best practices are being followed, but can be conducted on final releases also. This then identifies any potential issues with code or procedures being used and can be highlighted with the development team to correct in all future areas going forwards.

A code review is far more detailed than an application penetration test as all the code and procedures can be viewed and will result in a more comprehensive test. A penetration test of an application is typically a time boxed engagement and may not always find all vulnerabilities within the application.
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