Telling Auditors How to Audit Themselves
The PCAOB will consider proposing a new standard for audit firms’ internal evaluations. Continue reading…
“Telling Auditors How to Audit Themselves,” CFO.com, February 25, 2008
Posted by vega on February 29th, 2008 in Industry News with No Responses
RedRover Software Launches RedRover Audit
RedRover Software Launches RedRover Audit
New Auditing Tool for Microsoft Excel Is First to Visually Display Probable Spreadsheet Errors with Point-and-Click Error Correction and Audit Documentation Trails
Corvallis, Ore. (Business Wire) - February 27, 2008 - RedRover Software Inc, a provider of productivity tools for spreadsheet quality control, announced today that its flagship product, RedRover Audit, is [...]
Posted by vega on February 27th, 2008 in Press Releases with No Responses
OSU Spinout Company, RedRover Software, Launches First Product
OSU Spinout Company, RedRover Software, Launches First Product
Corvallis, Ore. - A start-up software company based on technology developed over a ten-year period by computer scientists at Oregon State University today announced it has launched its first commercial product.
RedRoverTM Software, Inc. was officially founded in 2006 by OSU professors Margaret Burnett, Martin Erwig and Gregg Rothermel, [...]
Posted by vega on February 27th, 2008 in Industry News with No Responses
Obscuring Data in Excel
The more I use Excel, the more I am amazed at the number of ways I can construct a spreadsheet that obscures data and misleads people. I thought that a comprehensive list would be helpful to spreadsheet auditors, if only because forewarned is forearmed. There is nothing in Excel to discourage this kind of thing, [...]
Posted by vega on February 20th, 2008 in Blog with 2 Responses
Finding out where a number comes from in Excel
Often I’ll be looking over a spreadsheet, and I’ll see a value that doesn’t make sense, but I won’t be able to figure out easily where that value is really coming from. I have a couple of tools available to me, and I’m going to walk through the process of finding the source data in [...]
Posted by vega on February 5th, 2008 in Blog with No Responses
Spreadsheet Sabotage
Pity the poor IT worker…
“Spreadsheet Sabotage,” Canadian Business Online, January 23, 2008.
Posted by vega on February 4th, 2008 in Industry News with No Responses
Mass Pike Wants New Revenue Estimate…
The Massachusetts Turnpike Authority says that consultants at URS made a $6m “error” in forecasting the revenue yield of toll increases approved recently. They had said the 25c Turnpike Extension toll increases and 50c tunnel toll rises would increase revenues $24m or 16%. Continue reading…
“Mass Pike Wants New Revenue Estimate - URS Must Redo [...]
Posted by vega on February 4th, 2008 in Industry News with No Responses
Eight of the Worst Spreadsheet Blunders
Spreadsheet typos and oversights can wind up costing your company millions. Here’s a look at eight big mistakes, and tips on how to prevent them from happening at your company. Continue reading…
“Eight of the Worst Spreadsheet Blunders,” CIO.com, August 17, 2007.
Posted by vega on February 3rd, 2008 in Industry News with No Responses
Spreadsheet Error Research: Wasted Time Worse Than Mistakes
The time wasted working on bad spreadsheets is a bigger practical problem than errors within Excel models, a leading spreadsheet error expert concluded at the recent European Spreadsheet Risks Interest Group (EuSpRIG) conference in London. Continue reading…
“Spreadsheet Error Research: Wasted Time Worse Than Mistakes,” AccountingWEB, July 27, 2007.
Posted by vega on February 3rd, 2008 in Industry News with No Responses
Buggy Spreadsheets: Russian Roulette for the Corporation
How many scenarios can you imagine where a momentary loss of concentration could cost over $1bn? Perhaps a nuclear power station meltdown…or if a currency trader hit a few wrong keys? Well, another possibility is a simple spreadsheet error. Continue reading…
“Buggy Spreadsheets: Russian Roulette for the Corporation,” RegDeveloper, May 3, 2006.