Spreadsheet risk: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson (Expand to promote invalid assumptions as a key source of spreadsheet risk, and categorise page.) |
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The risk of financial losses or other adverse effects resulting from errors, omissions or duplications in a spreadsheet. | The risk of financial losses or other adverse effects resulting from invalid assumptions, other errors, omissions or duplications in a spreadsheet. | ||
Losses and other adverse effects may also result from 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. | Losses and other adverse effects may also result from 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. | ||
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* [[CertFMM]] | * [[CertFMM]] | ||
* [[Spreadsheet]] | * [[Spreadsheet]] | ||
[[Category:Business_and_Operational_Risk]] | |||
[[Category:Technology_and_Systems]] | |||
Revision as of 16:23, 28 November 2013
The risk of financial losses or other adverse effects resulting from invalid assumptions, other errors, omissions or duplications in a spreadsheet.
Losses and other adverse effects may also result from 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.
