tag:blogger.com,1999:blog-2568941354104807757.post8867500913137859016..comments2023-10-05T09:07:24.225-04:00Comments on Investment Performance Guy: Spreadsheets as systems ... not always such a good ideaDave Spauldinghttp://www.blogger.com/profile/01777929408680234896noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2568941354104807757.post-61033150464665745622013-02-22T10:23:54.142-05:002013-02-22T10:23:54.142-05:00Herb, great points...thanks!Herb, great points...thanks!Dave Spauldinghttps://www.blogger.com/profile/01777929408680234896noreply@blogger.comtag:blogger.com,1999:blog-2568941354104807757.post-88454489952257761712013-02-22T10:07:00.505-05:002013-02-22T10:07:00.505-05:00Dave, Agree completely...to extend the discussion ...Dave, Agree completely...to extend the discussion a bit...there are also serious control risks that arise from the use of spreadsheets for financial reporting. Accuracy, completeness, ability to override, version control...the works. We see this all the time and need to assess the risk of material misstatement (whether because of error or fraud) in performing financial statement and internal control audits (SOX).Herb Chainnoreply@blogger.com