Abraham & Erwig (2007)Spreadsheet errors have resulted in huge financial losses.
Panko & Ordway (2005)Most large spreadsheets have dozens or even hundreds of errors.
Powell, Baker & Lawson (2009)1% of all formulas in operational spreadsheets are in error.
Krishna, et al (2001)Programmers exhibit unwarranted confidence in the correctness of their spreadsheets.
Howard (2005)Spreadsheets... pose a greater threat to your business than almost anything you can imagine.
Murphy (2007)60% of large companies feel 'Spreadsheet Hell' describes their reliance on spreadsheets.
Nixon & O'Hara (2010)It is now widely accepted that errors in spreadsheets are both common and potentially dangerous.
Burnett & Myers (2014)The software that end users are creating... is riddled with errors.
Panko & Halverson (1996)Every study that has looked for errors has found them... in considerable abundance.
Miller (2005)Untested spreadsheets are riddled with errors.
Panko (2008)94% of the 88 spreadsheets audited in 7 studies have contained errors.
Cunha, et al (2011)Spreadsheets are notoriously error-prone.
Ross (1996)A lot of decisions are being made on the basis of some bad numbers.
Irons (2003)Spreadsheet errors are pervasive, stubborn, ubiquitous and complex.
Price (2006)The untested spreadsheet is as dangerous and untrustworthy as an untested program.
Caulkins, Morrison, & Weidemann (2006)Your spreadsheets may be disasters in the making.
Bishop & McDaid (2007)The quality and reliability of spreadsheets is known to be poor.
Paine (2001)Spreadsheets are alarmingly error-prone to write.
Csernoch & Biro (2013)Studies have shown that there is a high incidence of errors in spreadsheets.
Panko (2013)It is irrational to expect large error-free spreadsheets.
Chadwick (2002)Spreadsheet errors... a great, often unrecognised, risk to corporate decision making & financial integrity.
Raffensperger (2001)Never assume a spreadsheet is right, even your own.
Abraham, et al (2005)Spreadsheets contain errors at an alarmingly high rate.
Panko (1999)Every study, without exception, has found error rates much higher than organizations would wish to tolerate.
Dunn (2010)Spreadsheets are extraordinarily and unacceptably prone to error.
Kruck & Sheetz (2001)...few incidents of spreadsheet errors are made public and these are usually not revealed by choice.
Caulkins, Morrison & Weidemann (2008)Spreadsheets are commonly used and commonly flawed.
Teo & Tan (1999)Most executives do not really check or verify the accuracy or validity of [their] spreadsheets...
Chen & Chan (2000)Spreadsheets are easy to use and very hard to check.
Beaman, et al (2005)Errors in spreadsheets... result in incorrect decisions being made and significant losses incurred.
Rust, et al (2006)Spreadsheets have a notoriously high number of faults.
Panko (2007)The issue is not whether there is an error but how many errors there are and how serious they are.
Kulesz & Ostberg (2013)Spreadsheets are more fault-prone than other software.
Galletta, et al (1993)Even obvious, elementary errors in very simple, clearly documented spreadsheets are... difficult to find.
Sajaniemi (1998)The results given by spreadsheets are often just wrong.
Colbenz (2005)Errors in spreadsheets are as ubiquitous as spreadsheets themselves.
Nixon & O'Hara (2010)Spreadsheet errors are still the rule rather than the exception.
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.
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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