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A Tough Cell

Will spreadsheet-management software ever catch on?

January 29, 2010

Tiny details can have large impacts. Just as the proverbial kingdom was lost for want of a nail, so a finance chief could find his job in jeopardy as a result of a mistake in a spreadsheet cell. The escalating consequences of such an error, once introduced into the financial-reporting system, may include an audit delay, the need for a completed audit to be redone, a restatement of financials, and a restatement because of material error. In the latter instance, a stock-price drop could be collateral damage. Read more...

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