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Synopsis:
The use of spreadsheets has crept into daily business operations at the highest levels. Given that many spreadsheets are developed by self taught professionals, there is a likelihood that many critical spreadsheets (eg. balance sheets, portfolio investment models, risk analysis models, revenue calculations) have material errors.
There is a clear and present need to develop error free spreadsheets and adopt these electronic documents into a checks and controls framework to prevent future errors.
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