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ISSUES Studies (based on data from PWC, KPMG, and other sources) have found significant errors in more than 80% of large spreadsheets. The effects of these errors are documented in the websites referenced below; in particular, by eusprig.com. Spreadsheet Consulting Inc.'s staff has specialized knowledge of financial processes that are likely to contain significant spreadsheet errors, how those errors can be efficiently prevented, detected and remedied, and how high-risk use of spreadsheets can be reduced or eliminated in these processes. Proactive corporate management desiring worry-free and reliable business processes will use our expert services, methodologies and tools long before spreadsheet errors can cause financial misstatements.
Managing Spreadsheet Fraud. Philip Howard, Bloor Research (April 22, 2005). In IT Analysis. http://www.it-analysis.com/technology/data_mgmt/content.php?cid=7860 [as of June 27, 2007] Managing Spreadsheets. Philip Howard, Bloor Research (April 2005) What We Know About Spreadsheet Errors. Professor Ray Panko, University of Hawaii. http://panko.shidler.hawaii.edu/SSR/Mypapers/whatknow.htm [accessed July 3, 2007] “Spreadsheet Mistakes – News Stories,” European Spreadsheet Risks Interest Group http://www.eusprig.org/stories.htm [as of June 26, 2007] “The 411 on 404”: Reporting a material weakness in controls can cost shareholders millions and some CFOs their jobs. Don Durfee, CFO Magazine (September 1, 2005) |
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