Spreadsheet risk

From ACT Wiki
Revision as of 21:11, 8 December 2013 by imported>Doug Williamson
Jump to navigationJump to search

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.

See also