Their simplicity, and the ease in sharing and freely modifying files, are the primary advantages of spreadsheets. These advantages also can pose the greatest risks. Because spreadsheets are stand-alone files, they are most often devoid of system-wide controls. A Risk Intelligent approach to the management of spreadsheets can substantially mitigate both human and electronic systemic and application flaws.

The white paper “Spreadsheet Management: Not what you figured” addresses how an effective spreadsheet controls process can have a direct impact on financial reporting and compliance.