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