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