Spreadsheet risk: Difference between revisions
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''Spreadsheet risk - identification.'' | |||
The risk of financial losses or other adverse effects resulting from: | The risk of financial losses or other adverse effects resulting from: | ||
*Invalid assumptions | *Invalid assumptions | ||
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== See also == | == See also == | ||
* [[Ceteris paribus]] | |||
* [[EuSpRIG]] | * [[EuSpRIG]] | ||
* [[FAST Modelling Standard]] | |||
* [[Model risk]] | * [[Model risk]] | ||
* [[Shadow model]] | |||
* [[Sign convention]] | * [[Sign convention]] | ||
* [[Spreadsheet]] | * [[Spreadsheet]] | ||
Latest revision as of 14:18, 8 April 2021
Spreadsheet risk - identification.
The risk of financial losses or other adverse effects resulting from:
- Invalid assumptions
- Other errors
- Omissions or
- Duplications in a spreadsheet.
In addition, losses and other adverse effects may also result from any one or more of:
- Fraud
- Overconfidence in the spreadsheet's results
- Overdependence on the spreadsheet
- Misinterpretation of results
- Failure to communicate assumptions and limitations
- Or failure to understand the consequences of assumptions and limitations.
