Nixon & O'Hara (2010)It is now widely accepted that errors in spreadsheets are both common and potentially dangerous.
Panko (2013)It is irrational to expect large error-free spreadsheets.
Murphy (2007)60% of large companies feel 'Spreadsheet Hell' describes their reliance on spreadsheets.
Powell, Baker & Lawson (2009)1% of all formulas in operational spreadsheets are in error.
Teo & Tan (1999)Most executives do not really check or verify the accuracy or validity of [their] spreadsheets...
Howard (2005)Spreadsheets... pose a greater threat to your business than almost anything you can imagine.
Caulkins, Morrison & Weidemann (2008)Spreadsheets are commonly used and commonly flawed.
Colbenz (2005)Errors in spreadsheets are as ubiquitous as spreadsheets themselves.
Panko (1999)Every study, without exception, has found error rates much higher than organizations would wish to tolerate.
Rust, et al (2006)Spreadsheets have a notoriously high number of faults.
Sajaniemi (1998)The results given by spreadsheets are often just wrong.
Abraham, et al (2005)Spreadsheets contain errors at an alarmingly high rate.
Krishna, et al (2001)Programmers exhibit unwarranted confidence in the correctness of their spreadsheets.
Paine (2001)Spreadsheets are alarmingly error-prone to write.
Miller (2005)Untested spreadsheets are riddled with errors.
Panko & Ordway (2005)Most large spreadsheets have dozens or even hundreds of errors.
Dunn (2010)Spreadsheets are extraordinarily and unacceptably prone to error.
Price (2006)The untested spreadsheet is as dangerous and untrustworthy as an untested program.
Ayalew (2007)A significant proportion of spreadsheets have severe quality problems.
Caulkins, Morrison, & Weidemann (2006)People tend to believe their spreadsheets are more accurate than they really are.
Panko (2007)The issue is not whether there is an error but how many errors there are and how serious they are.
Panko & Halverson (1996)Every study that has looked for errors has found them... in considerable abundance.
Ross (1996)A lot of decisions are being made on the basis of some bad numbers.
Panko (2008)94% of the 88 spreadsheets audited in 7 studies have contained errors.
Bishop & McDaid (2007)The quality and reliability of spreadsheets is known to be poor.
Galletta, et al (1993)Even obvious, elementary errors in very simple, clearly documented spreadsheets are... difficult to find.
Chadwick (2002)Spreadsheet errors... a great, often unrecognised, risk to corporate decision making & financial integrity.
Caulkins, Morrison, & Weidemann (2006)Your spreadsheets may be disasters in the making.
Irons (2003)Spreadsheet errors are pervasive, stubborn, ubiquitous and complex.
Raffensperger (2001)Never assume a spreadsheet is right, even your own.
Chen & Chan (2000)Spreadsheets are easy to use and very hard to check.
Kruck & Sheetz (2001)...few incidents of spreadsheet errors are made public and these are usually not revealed by choice.
Nixon & O'Hara (2010)Spreadsheet errors are still the rule rather than the exception.
Beaman, et al (2005)Errors in spreadsheets... result in incorrect decisions being made and significant losses incurred.
Cunha, et al (2011)Spreadsheets are notoriously error-prone.
Abraham & Erwig (2007)Spreadsheet errors have resulted in huge financial losses.
Spreadsheets are notoriously error-prone: research shows that 95% contain errors.
If your spreadsheets have not been verified, then you cannot trust that they produce reliable, accuracy, and robust results.
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