Spreadsheet risk: Difference between revisions
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imported>Doug Williamson (Mend link.) |
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* [[FAST Modelling Standard]] | * [[FAST Modelling Standard]] | ||
* [[Model risk]] | * [[Model risk]] | ||
* [[Shadow model]] | |||
* [[Sign convention]] | * [[Sign convention]] | ||
* [[Spreadsheet]] | * [[Spreadsheet]] | ||
Revision as of 15:06, 19 February 2020
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.
