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Authors

Ann C. Dzuranin & Robert D. Slater

Abstract

Spreadsheet use is pervasive in many organizations. Useful as they are, the risk exposure posed by spreadsheets can be enormous.

This article discusses how companies can better understand those risks by using the company's business objectives to inventory and classify spreadsheets according to their business purpose.

Sample

COSO enterprise risk management framework
COSO enterprise risk management framework

According to the COSO ERM, there are four high-level categories of objectives within an organization: strategic, operations, reporting, and compliance. Spreadsheet risk can be assessed within the context of the COSO ERM.

Publication

2014, Journal of Corporate Accounting & Finance, Issue 25, Number 3, March/April, pages 25-30

Full article

Business risks all identified? If you're using a spreadsheet, think again