Most automated spreadsheet applications are not properly tested and documented – and yet so much external financial reporting depends on their data.
Jefferson Wells' User-developed Application Risk Services provide a systematic approach that improves integrity and accuracy of automated spreadsheets that are relied upon for financial reporting and critical operations business decisions. We follow a proprietary methodology for assessing spreadsheet risk, customized to each client's needs, including spreadsheet inventory and classification, risk analysis, cell-by-cell reviews of critical applications, remediation, documentation, training, and policy and procedure development.
Posted: January 26, 2011 During this session, we discuss emerging pressures that might compromise UDA integrity in 2011 – such as key staff turnover, conversion between accounting standards and advances in technology (e.g. Open Source).
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Financial End-User Application Risk Services assess, identify and categorize financial and operational spreadsheet risks. They provide a risk-based approach for identifying and mitigating critical financial and operational risks through spreadsheet remediation efforts consisting of documentation and application of spreadsheet development best practices.
Client: A financial-services company with over 11,000 employees and assets of $57.5 billion in March of 2007.
Client: One of the largest publicly held telecommunication service providers in the world.
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