Spreadsheet risk: Difference between revisions

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The risk of financial losses or other adverse effects resulting from invalid assumptions, other errors, omissions or duplications in a spreadsheet.
''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.


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.


== See also ==
== See also ==
* [[Ceteris paribus]]
* [[EuSpRIG]]
* [[FAST Modelling Standard]]
* [[Model risk]]
* [[Model risk]]
* [[CertFMM]]
* [[Shadow model]]
* [[Sign convention]]
* [[Spreadsheet]]
* [[Spreadsheet]]


[[Category:Business_and_Operational_Risk]]
[[Category:Manage_risks]]
[[Category:Technology_and_Systems]]
[[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:

  1. Fraud
  2. Overconfidence in the spreadsheet's results
  3. Overdependence on the spreadsheet
  4. Misinterpretation of results
  5. Failure to communicate assumptions and limitations
  6. Or failure to understand the consequences of assumptions and limitations.


See also