Spreadsheet risk: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Expand to promote invalid assumptions as a key source of spreadsheet risk, and categorise page.) |
imported>Doug Williamson m (Update links.) |
||
| (13 intermediate revisions by the same user not shown) | |||
| Line 1: | Line 1: | ||
The risk of financial losses or other adverse effects resulting from | ''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. | |||
== See also == | == See also == | ||
* [[ | * [[Ceteris paribus]] | ||
* [[EuSpRIG]] | |||
* [[FAST Modelling Standard]] | |||
* [[Model risk]] | |||
* [[Shadow model]] | |||
* [[Sign convention]] | |||
* [[Spreadsheet]] | * [[Spreadsheet]] | ||
[[Category: | [[Category:Manage_risks]] | ||
[[Category: | [[Category:Technology]] | ||
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.
