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What company could do without spreadsheets? After all, they’re ubiquitous, efficient and cost effective. For executives they can provide an instant and concise snapshot of their organization that often drives critical business decisions. But that snapshot may be out of focus. Every time an employee creates, accesses or manipulates spreadsheet data, errors can creep in — errors that often go undetected. Failure to effectively safeguard spreadsheets can expose companies to theft of critical data and serious, even catastrophic, financial losses. If companies hope to protect their most important spreadsheets and reduce human and electronic flaws, they need to adopt a Risk Intelligent approach.

Highlights:

• Why do so many companies regard managing and securing their spreadsheets as one of their most pressing and urgent information technology (IT) concerns? (2:05)
• What preventive and detective controls can companies use to safeguard high-risk spreadsheets? (12:38)
• What are the advantages of using a tool to facilitate management of spreadsheets, and are there any drawbacks? Is there an optimal mix of manual and automated tools? (15:59)
• What are the benefits that organizations are likely to see once they’ve successfully implemented a spreadsheet management approach, whether we’re talking about the bottom line or issues such as regulatory compliance? (20:36)

Guests:
Sarah Adams, director and National IT Internal Audit leader, Deloitte & Touche LLP
Tim Burdick, senior manager and national leader for Spreadsheet Management Solutions, Deloitte & Touche LLP

Related Content:
Transcript: Balancing Act – A Risk Management Solution for Spreadsheets
Article: Improving Spreadsheet Audits in Six Steps
White paper: Spreadsheet Management: Not What You Figured  
Resources: Risk Consulting 

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