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