Spreadsheet Mistakes

Many companies rely on spreadsheets as a key tool in their financial reporting and operational processes. As a result, the use of spreadsheets is an integral part of the information and decision-making framework.  As some companies have discovered, errors in relatively simple spreadsheets can result in potential material misstatements in their financial results.

Our wish is to establish awareness in the business community of what could go wrong when spreadsheets are not created in line with best practices. As a result, we launched the "Spreadsheet Mistakes" updates. The "Spreadsheet Mistakes" updates will be issued every six months and these will provide practical examples of errors we encountered during our spreadsheet integrity reviews and best practices to apply when creating spreadsheets.

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