"It is completely within the realms of possibility that a single, large, complex but erroneous spreadsheet could directly cause the accidental loss of a corporation or institution," Croll added. "If the uncontrolled use of spreadsheets continues to occur in highly leveraged markets and companies, it is only a matter of time before [some random] event occurs, causing catastrophic loss."
Spreadsheets, so common today, are prone to errors and mistakes. Be careful that what you see and calculate is really what you want.
Wednesday, January 18, 2006
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