Recent Articles
The spreadsheet error in Reinhart and Rogoff’s famous paper on debt sustainability
Explore Article (Apr 18 2013)
The spreadsheet error in Reinhart and Rogoff’s famous paper on debt sustainability April 16, 2013, 1:12 PM (Updates with a response from Reinhart and Rogoff.) It’s a factoid trotted out almost any time a serious (Read Full Article)
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J. P. Morgan Task Force Report Regarding 2012 CIO Losses
Explore Article (Mar 02 2013)
Report includes the role of spreadsheets in the J.P. Morgan losses (Pages 131 (Read Full Article)
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Explore Article (Oct 22 2012)
This Basel Committee document on risk reporting recommends that "Where a bank relies on manual processes and desktop applications (e.g. spreadsheets, databases), it should have effective mitigants in place (e.g. end-user (Read Full Article)
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Solvency II
Countdown to Solvency II: Managing Spreadsheet Risk
Explore Article (Jan 25 2012)
Under Solvency, spreadsheets could prove to be especially useful in providing cost-effective and relatively easy to use solutions in areas such as data collation, data transformation and the analysis supporting expert (Read Full Article)
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Solvency II Survey 2012: Where are insurer's heading?
Explore Article (Aug 18 2010)
Survey results from 60 insurers operating in the UK. Subtle changes in insurers' strategic focus and differing levels of preparation are coming to the fore. Most insurer's expect tangible benefits from their Solvency II (Read Full Article)
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Explore Article PricewaterhouseCoopers UK (Aug 18 2010)
Solvency II is the largest ever change to European insurance solvency regulations. The European Commission has estimated total costs of implementation for the industry in Europe to be €2-3bn over 5 (Read Full Article)
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Sarbanes Oxley Compliance
PwC - The Use of Spreadsheets: Considerations for Section 404 of the Sarbanes-Oxley Act
Explore Article (Dec 10 2009)
A classic and ground-breaking White Paper from PwC on the importance of spreadsheet (Read Full Article)
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Explore Article (Mar 02 2013)
This standard establishes requirements and provides direction that applies when an auditor is engaged to perform an audit of management's assessment 1/ of the effectiveness of internal control over financial reporting ("the (Read Full Article)
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CFO.com - Does Sarbox Reduce Restatements?
Explore Article CFO.com (Dec 02 2009)
While small companies lobby to limit their compliance with the 2002 law, a new study suggests it may provide a key (Read Full Article)
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Model Audit Rule
Model Audit Rule: A Public Policy Practice Note
Explore Article (Nov 30 2010)
This practice note is intended to assist actuaries when supporting management’s assertions per MAR §16 and SOX §404, as applied to the evaluation and testing of key controls for the actuarial balances, including loss (Read Full Article)
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NAIC Model Audit Rule and Implementation
Explore Article (Nov 15 2009)
This Point of View provides thoughtful steps for facilitating an effective and efficient implementation of the Model Audit Rule. (Read Full Article)
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Internal Audit
Explore Article The Institute of Internal Auditors (IIA) (Aug 18 2010)
Almost every organization uses some form of UDAs because they can be more easily developed, are less costly to produce, and can typically be changed with relative ease versus programs and reports developed by IT personnel. (Read Full Article)
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Fraud
IIA Offers Fraud Guidance for Internal Auditors
Explore Article Compliance Week (Jan 08 2010)
In light of the economic crisis, internal auditors are under pressure like never before to help protect the mothership from fraud. They might find some new guidance from the Institute of Internal Auditors useful in meeting the (Read Full Article)
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As Internal Audit Staffs Shrink, Will Fraud Rise?
Explore Article CFO.com (Dec 14 2009)
Few corporate departments have been spared layoffs in recent months, and internal audit and compliance are no exceptions. According to a new poll by Deloitte Financial Advisory Services, 27% of executives reported reductions in (Read Full Article)
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Spreadsheet Errors
Spreadsheet Horror Stories from European Spreadsheet Risks Interest Group
Explore Article EuSpRig.org (Jan 17 2010)
There are very many reports of spreadsheet related errors, so many in fact, that we stopped collating them due to the effort involved a few years ago. We have recently reviewed the horror stories to condense them down to (Read Full Article)
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Spreadsheet Fraud: Prevent it on your watch by learning from the Société Générale incident
Explore Article cpa2biz.com (Nov 17 2009)
When I read about the €7 billion loss at Société Générale (SG) I thought, "This can't be happening AGAIN!" But, apparently, it can and it has. One of the many speculations about what triggered the SG debacle is (Read Full Article)
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Société Générale bolsters internal controls
Explore Article Information Security (Nov 17 2009)
French banking giant Societe Generale issued a report Friday into how a rogue trader carried out more than $7 billion in fraud and ways the bank is bolstering security and internal control procedures to prevent future (Read Full Article)
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Recent Articles for CIMCON Software
Explore Article (Mar 02 2013)
CIMCON has also been voted as the #1 vendor for "Spreadsheet Compliance Products" for two years in a row in 2010 and 2011. For more information on the company's spreadsheet management solution, please visit (Read Full Article)
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CIMCON Software Announces Record Revenues and Profits in 2012
Explore Article (Mar 02 2013)
CCIMCON Software announced that it finished 2012 with the best financial performance in the company’s history with record revenues and profits. CIMCON Software was voted # 1 by customers in the category of 'Sarbanes-Oxley' (Read Full Article)
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Explore Article (Apr 08 2008)
CIMCON Software today announced that it has received the highest possible rating of “Strong Positive” in Gartner’s “MarketScope for Spreadsheet Control Products” authored by Jay Heiser and David Furlonger. CIMCON (Read Full Article)
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Best Practices
Best Practices from European Spreadsheet Risks Interest Group
Explore Article EuSpRig.org (Apr 12 2010)
Guidance on spreadsheet best practice is therefore gradually emerging, as it depends upon what you are doing. Here are some documents to get you started on the subject of best (Read Full Article)
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Five Common Spreadsheet Risks and Ways to Control Them
Explore Article The Institute of Internal Auditors (IIA) (Apr 11 2010)
Most internal auditors have used spreadsheet software for common tasks, such as calculating complex revenue adjustments and preparing financial reports. And, while spreadsheets can be excellent (Read Full Article)
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Explore Article CFO.com (May 14 2008)
Imagine someone in your finance department receiving a basic request to revise quarterly revenue forecasts for two products your company markets. A new spreadsheet is opened. Expected prices and volumes are typed into the first (Read Full Article)
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White Papers
CIMCON - The Problem with Spreadsheets
Explore Article Sarbanes (Dec 16 2009)
White Paper from CIMCON Software on the problems with spreadsheets. Includes several interesting case studies relating to spreadsheet (Read Full Article)
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Analyst Research
Spreadsheet Controls Need a Boost, 2009 Gartner Update
Explore Article Gartner.com (Mar 03 2010)
Spreadsheets contain huge amounts of sensitive data; however, they lack risk controls inherent in IT-managed applications. Add-on control products reduce risk and improve user efficiency without affecting (Read Full Article)
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Ouch! Get Ready — Spreadsheets Are Here To Stay For Business Intelligence
Explore Article Forrester Research (Apr 02 2007)
Spreadsheets — the most widely used business intelligence (BI) tool — are a permanent fixture in enterprises because no other analytical application outperforms them in flexibility, ease of use, and ubiquity. Spreadsheets' (Read Full Article)
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Controls To Mitigate Spreadsheet Risk
Explore Article Forrester Research (Dec 22 2008)
Financial business processes run on spreadsheets. The widespread usage of spreadsheets should cause concern for all enterprises. The ability to discover, assess, and control spreadsheets, however, greatly mitigates their risk (Read Full Article)
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Excel Tools and Tips
2 Quick Ways to Sum Excel Data
Explore Article TechRepublicBlogs (Nov 17 2009)
There are a number of ways to insert a SUM() function into an Excel spreadsheet. The hard way is to enter the entire function manually. That method is prone to mistakes because you must know the cell references and then enter (Read Full Article)
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Tickling the Keyboard: 10 Spreadsheet Tips
Explore Article CFO.com (Jan 17 2010)
Basic shortcuts to smooth the use of (Read Full Article)
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Now Playing on YouTube: Microsoft Excel
Explore Article CFO.com (Jan 17 2010)
The subjects of these free videos range from making a Gantt chart to reviving a romance by using a (Read Full Article)
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