Authors
William J. McGuire
Abstract
This article details steps to reduce spreadsheet model risk, from the perspective of Sarbanes-Oxley Section 404 compliance, along with other regulation and business needs.
Sample
Asset/liability management (ALM) models produce many financial reporting inputs.
Model risk exposure arises from three sources:
- The control environment of the model.
- The model governance solution surrounding modeling activities.
- The model itself.
Publication
2007, Bank Accounting & Finance, April-May, pages 9-14
