Tuesday, June 06, 2006

Errors in Spreadsheets are Pandemic

"Studies show that most spreadsheets have critical errors in one percent of their cells, well beyond a permissible level. Here are some news stories about spreadsheet errors. Spreadsheets won't protect a firm from liability when they are audited and spreadsheet errors found: spreadsheets are not secure, provide no audit trail and won't pass HIPAA or Sarbanes-Oxley auditing. How are Slashdotters coping with the proliferation of spreadsheets in the face of greater legal accountability and auditing?"

source:http://hardware.slashdot.org/article.pl?sid=06/06/05/185201

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