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Notes and Resources from 3 Principles to Reduce Spreadsheet Risk

From Three Principles to Reduce Risk in Finance & Accounting Spreadsheets

Notes, Resources and References

About EXCEL and Google Sheets: EXCEL is the world’s leading spreadsheet application. And although it is exclusively referred to in this document, Google Sheets is also in wide use. As a rough estimate, EXCEL currently has about a billion users while Sheets has about 200 million. (8)

Additional Resources:

Operational Impact of Errors: read Impact of Errors in Operational Spreadsheets https://arxiv.org/ftp/arxiv/papers/0801/0801.0715.pdf

Reducing Errors: read Twenty Principles for Good Spreadsheet Practice.

https://www.icaew.com/-/media/corporate/files/technical/information-technology/excel-community/166-twenty-principles-for-good-spreadsheet-practice.ashx

Fraud Protection: read Protecting Spreadsheets against Fraud https://arxiv.org/ftp/arxiv/papers/0801/0801.4268.pdf

Auditing Guidelines: An auditing protocol for spreadsheet models https://www.sciencedirect.com/science/article/abs/pii/S0378720608000505?via%3Dihub

More F&A Sheet Issues: Spreadsheets: Aiming the Accountant’s Hammer to Hit the Nail on the Head - Mbwana Alliy and Patty Brown  https://arxiv.org/ftp/arxiv/papers/0809/0809.3597.pdf

SOX and Sheets: The Use of Spreadsheets: Considerations for Section 404 of the Sarbanes-Oxley Act - https://www.spreadsheetdetective.com/main/PwC-SpreadsheetsSoX.pdf