Sometimes in an effort to treat an issue, we generate a different risk or increase an existing one in the process. Many of us can relate to when the internal auditors come in, look at existing processes and weak controls and “strongly suggest” that management fix the problem. Quickly. Management’s solution is often a series [...]
Posts Tagged ‘spreadsheet risk’
When treating a risk creates another risk and so on and so on
Posted in Books, ERM Basics, Humour, Lean Six Sigma, My Opinions, Risk management, tagged audit, Bryson, impact, likelihood, Luftwaffe, mitigate, risk management, risk treatment, spreadsheet risk on June 21, 2011 | 3 Comments »
More on spreadsheet risk
Posted in Risk management, tagged Allfirst, spreadsheet risk on September 10, 2009 | 1 Comment »
As a follow up to my post about spreadsheet risk and best practices have a look at this link from the European Spreadsheet Risk Interest Group (yes, I cannot believe such an organization exists either but they do.) The site includes some downloads as well as examples of spreadsheet hazards at Canada’s TransAlta and the [...]
Spreadsheet risks (a comedy of errors)
Posted in Risk management, tagged audit, causal chain, Forrester, spreadsheet risk on September 8, 2009 | 3 Comments »
Here is a pretty good read by Forrester called “Controls to Mitigate Spreadsheet Risk” about the risks inherent in using spreadsheets; it includes a list of common spreadsheet risks including these: Lack of audit trail Poor security and access controls History of errors and fraud Many of these are root causes of downstream outcomes like [...]
