Spreadsheet Errors II

I’ve posted about this before, but it continues to amaze me.

“More than 90 percent of corporate spreadsheets contain material errors. The European Spreadsheet Risk Group was set up in 1999 purely for the purpose of addressing issues of spreadsheet integrity. [The] disastrous consequences of uncontrolled use of spreadsheets are always disturbing, and make for somewhat gruesome reading. [I] believe that errors in spreadsheets are a regular occurrence in most organizations.”

-Danielle Stein Fairhurst,
Financial Modeling in Excel (for Dummies) (2017, p.23-26)

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