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.
Kruck & Sheetz (2001)...few incidents of spreadsheet errors are made public and these are usually not revealed by choice.
Rust, et al (2006)Spreadsheets have a notoriously high number of faults.
Caulkins, Morrison, & Weidemann (2006)People tend to believe their spreadsheets are more accurate than they really are.
Abraham, et al (2005)Spreadsheets contain errors at an alarmingly high rate.
Panko & Ordway (2005)Most large spreadsheets have dozens or even hundreds of errors.
Murphy (2007)60% of large companies feel 'Spreadsheet Hell' describes their reliance on spreadsheets.
Irons (2003)Spreadsheet errors are pervasive, stubborn, ubiquitous and complex.
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.
Miller (2005)Untested spreadsheets are riddled with errors.
Howard (2005)Spreadsheets... pose a greater threat to your business than almost anything you can imagine.
Chen & Chan (2000)Spreadsheets are easy to use and very hard to check.
Colbenz (2005)Errors in spreadsheets are as ubiquitous as spreadsheets themselves.
Chadwick (2002)Spreadsheet errors... a great, often unrecognised, risk to corporate decision making & financial integrity.
Ayalew (2007)A significant proportion of spreadsheets have severe quality problems.
Caulkins, Morrison, & Weidemann (2006)Your spreadsheets may be disasters in the making.
Price (2006)The untested spreadsheet is as dangerous and untrustworthy as an untested program.
Galletta, et al (1993)Even obvious, elementary errors in very simple, clearly documented spreadsheets are... difficult to find.
Paine (2001)Spreadsheets are alarmingly error-prone to write.
Panko & Halverson (1996)Every study that has looked for errors has found them... in considerable abundance.
Raffensperger (2001)Never assume a spreadsheet is right, even your own.
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.
Csernoch & Biro (2013)Studies have shown that there is a high incidence of errors in spreadsheets.
Nixon & O'Hara (2010)It is now widely accepted that errors in spreadsheets are both common and potentially dangerous.
Caulkins, Morrison & Weidemann (2008)Spreadsheets are commonly used and commonly flawed.
Abraham & Erwig (2007)Spreadsheet errors have resulted in huge financial losses.
Teo & Tan (1999)Most executives do not really check or verify the accuracy or validity of [their] spreadsheets...
Sajaniemi (1998)The results given by spreadsheets are often just wrong.
Beaman, et al (2005)Errors in spreadsheets... result in incorrect decisions being made and significant losses incurred.
Bishop & McDaid (2007)The quality and reliability of spreadsheets is known to be poor.
Panko (2013)It is irrational to expect large error-free spreadsheets.
Panko (2007)The issue is not whether there is an error but how many errors there are and how serious they are.
Powell, Baker & Lawson (2009)1% of all formulas in operational spreadsheets are in error.
Nixon & O'Hara (2010)Spreadsheet errors are still the rule rather than the exception.
Cunha, et al (2011)Spreadsheets are notoriously error-prone.
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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