Spreadsheet risk: Difference between revisions
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imported>Doug Williamson (Note that second list is additional to the first.) |
imported>Doug Williamson (Layout.) |
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The risk of financial losses or other adverse effects resulting from | The risk of financial losses or other adverse effects resulting from: | ||
*Invalid assumptions | |||
*Other errors | |||
*Omissions or | |||
*Duplications in a spreadsheet. | |||
Revision as of 20:53, 4 July 2017
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.
