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CFO horror story: Can you trust your spreadsheets?

Jonny Evans | Feb. 7, 2012
Information anywhere means productivity everywhere, they say. But have you spent enough time considering spreadsheet risk management? Not really, it seems: A Protiviti survey claims just one in ten accountants think their firm has processes in place to "manage spreadsheet risk".

That's not the only horror story: Organizers of the London Olympics accidentally overbooked four swimming events (to the tune of 10,000 people) as a result of spreadsheet error. There are many more tales like this at EUSPRIG, a good repository for similar cases, and good advice on how to protect yourself from such errors.

 

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