Kulesz & Ostberg (2013)Spreadsheets are more fault-prone than other software.
Panko & Halverson (1996)Every study that has looked for errors has found them... in considerable abundance.
Murphy (2007)60% of large companies feel 'Spreadsheet Hell' describes their reliance on spreadsheets.
Krishna, et al (2001)Programmers exhibit unwarranted confidence in the correctness of their spreadsheets.
Galletta, et al (1993)Even obvious, elementary errors in very simple, clearly documented spreadsheets are... difficult to find.
Burnett & Myers (2014)The software that end users are creating... is riddled with errors.
Beaman, et al (2005)Errors in spreadsheets... result in incorrect decisions being made and significant losses incurred.
Sajaniemi (1998)The results given by spreadsheets are often just wrong.
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.
Caulkins, Morrison & Weidemann (2008)Spreadsheets are commonly used and commonly flawed.
Powell, Baker & Lawson (2009)1% of all formulas in operational spreadsheets are in error.
Paine (2001)Spreadsheets are alarmingly error-prone to write.
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.
Teo & Tan (1999)Most executives do not really check or verify the accuracy or validity of [their] spreadsheets...
Miller (2005)Untested spreadsheets are riddled with errors.
Panko (1999)Every study, without exception, has found error rates much higher than organizations would wish to tolerate.
Nixon & O'Hara (2010)Spreadsheet errors are still the rule rather than the exception.
Kruck & Sheetz (2001)...few incidents of spreadsheet errors are made public and these are usually not revealed by choice.
Cunha, et al (2011)Spreadsheets are notoriously error-prone.
Abraham & Erwig (2007)Spreadsheet errors have resulted in huge financial losses.
Colbenz (2005)Errors in spreadsheets are as ubiquitous as spreadsheets themselves.
Ayalew (2007)A significant proportion of spreadsheets have severe quality problems.
Panko (2013)It is irrational to expect large error-free spreadsheets.
Panko (2008)94% of the 88 spreadsheets audited in 7 studies have contained errors.
Ross (1996)A lot of decisions are being made on the basis of some bad numbers.
Caulkins, Morrison, & Weidemann (2006)People tend to believe their spreadsheets are more accurate than they really are.
Howard (2005)Spreadsheets... pose a greater threat to your business than almost anything you can imagine.
Panko & Ordway (2005)Most large spreadsheets have dozens or even hundreds of errors.
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.
Nixon & O'Hara (2010)It is now widely accepted that errors in spreadsheets are both common and potentially dangerous.
Csernoch & Biro (2013)Studies have shown that there is a high incidence of errors in spreadsheets.
Irons (2003)Spreadsheet errors are pervasive, stubborn, ubiquitous and complex.
Bishop & McDaid (2007)The quality and reliability of spreadsheets is known to be poor.
Abraham, et al (2005)Spreadsheets contain errors at an alarmingly high rate.
Dunn (2010)Spreadsheets are extraordinarily and unacceptably prone to error.
Chen & Chan (2000)Spreadsheets are easy to use and very hard to check.