#SpreadsheetErrors

@matasoft.bsky.social

6 months ago

Automate tedious spreadsheet checks! (Un)Perplexed Spready inspects your data for inconsistencies, typos, and misclassifications—saving you hours each week.
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#SpreadsheetErrors #AIAutomation #DataQuality #AI #ArtificialIntelligence

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EuSpRIG - Dr Simon Thorne

@eusprig.bsky.social

1 year ago

Trigger #2: Audit & regulatory scrutiny. Errors buried deep in spreadsheets frequently come to light when external regulators or internal auditors investigate, resulting in hefty fines and damaged reputations. #Compliance #SpreadsheetErrors

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EuSpRIG - Dr Simon Thorne

@eusprig.bsky.social

1 year ago

Horror Stories | European Spreadsheet Risk Interest Group Public reports of spreadsheet errors have been sought out on behalf of EuSPRIG by Patrick O’Beirne of Systems Modelling for many years. There are very many reports of spreadsheet related errors and they seem to appear in the global media at a fairly consistent rate.

Exploring spreadsheet horror stories—a thread on how small errors can snowball into massive losses, data breaches, & reputational damage. Let’s dive in. #SpreadsheetErrors #DataGovernance

This analysis is based on our horror stories page eusprig.org/research-inf...

Look out for case references...

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EuSpRIG - Dr Simon Thorne

@eusprig.bsky.social

1 year ago

Horror Stories | European Spreadsheet Risk Interest Group Public reports of spreadsheet errors have been sought out on behalf of EuSPRIG by Patrick O’Beirne of Systems Modelling for many years. There are very many reports of spreadsheet related errors and they seem to appear in the global media at a fairly consistent rate.

5. UBS Rogue Trader Fraud ($2.3B loss, 2011) – A trader used #spreadsheets to hide unauthorized trades, leading to financial disaster.

Poor spreadsheet controls lead to #fraud, #fines, and failure. More cases here: eusprig.org/research-inf...

#ExcelFails #SpreadsheetErrors #DataRisk #excel

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EuSpRIG - Dr Simon Thorne

@eusprig.bsky.social

1 year ago

5️⃣ Reinhart & Rogoff (Global austerity error) – Formula omitted five countries, shaping bad policy.

Spreadsheets aren’t harmless—they can be catastrophic.

#ExcelFail #DataRisk #SpreadsheetErrors

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Posts tagged #SpreadsheetErrors