Price (2006)The untested spreadsheet is as dangerous and untrustworthy as an untested program.
Cunha, et al (2011)Spreadsheets are notoriously error-prone.
Galletta, et al (1993)Even obvious, elementary errors in very simple, clearly documented spreadsheets are... difficult to find.
Ross (1996)A lot of decisions are being made on the basis of some bad numbers.
Howard (2005)Spreadsheets... pose a greater threat to your business than almost anything you can imagine.
Nixon & O'Hara (2010)It is now widely accepted that errors in spreadsheets are both common and potentially dangerous.
Abraham, et al (2005)Spreadsheets contain errors at an alarmingly high rate.
Bishop & McDaid (2007)The quality and reliability of spreadsheets is known to be poor.
Murphy (2007)60% of large companies feel 'Spreadsheet Hell' describes their reliance on spreadsheets.
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.
Csernoch & Biro (2013)Studies have shown that there is a high incidence of errors in spreadsheets.
Paine (2001)Spreadsheets are alarmingly error-prone to write.
Rust, et al (2006)Spreadsheets have a notoriously high number of faults.
Caulkins, Morrison, & Weidemann (2006)Your spreadsheets may be disasters in the making.
Teo & Tan (1999)Most executives do not really check or verify the accuracy or validity of [their] spreadsheets...
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.
Miller (2005)Untested spreadsheets are riddled with errors.
Abraham & Erwig (2007)Spreadsheet errors have resulted in huge financial losses.
Ayalew (2007)A significant proportion of spreadsheets have severe quality problems.
Kulesz & Ostberg (2013)Spreadsheets are more fault-prone than other software.
Panko (2007)The issue is not whether there is an error but how many errors there are and how serious they are.
Irons (2003)Spreadsheet errors are pervasive, stubborn, ubiquitous and complex.
Chadwick (2002)Spreadsheet errors... a great, often unrecognised, risk to corporate decision making & financial integrity.
Chen & Chan (2000)Spreadsheets are easy to use and very hard to check.
Panko (2008)94% of the 88 spreadsheets audited in 7 studies have contained errors.
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.
Sajaniemi (1998)The results given by spreadsheets are often just wrong.
Raffensperger (2001)Never assume a spreadsheet is right, even your own.
Krishna, et al (2001)Programmers exhibit unwarranted confidence in the correctness of their spreadsheets.
Colbenz (2005)Errors in spreadsheets are as ubiquitous as spreadsheets themselves.
Dunn (2010)Spreadsheets are extraordinarily and unacceptably prone to error.
Caulkins, Morrison & Weidemann (2008)Spreadsheets are commonly used and commonly flawed.
Panko (2013)It is irrational to expect large error-free spreadsheets.
Kruck & Sheetz (2001)...few incidents of spreadsheet errors are made public and these are usually not revealed by choice.
Panko & Halverson (1996)Every study that has looked for errors has found them... in considerable abundance.
Nixon & O'Hara (2010)Spreadsheet errors are still the rule rather than the exception.
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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