Spreadsheet compliance issues 218
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We are a large financial institution in the middle of our compliance process. There are so many spreadsheets around it’s a chore just to get them listed into one database. I’ve thought of doing a *.xls search on the network but that’s a scary proposition. SOX requires that we are to analyze each and every spreadsheet within scope for version, change, network, and password controls; and evaluate every spreadsheet for complexity, links, and accuracy etc…
Just identifying which spreadsheets fall into scope is a time-consuming and expensive process.
Here are my questions:- How are others defining ‘In Scope’? I’m looking for something more definitive than ‘could materially effect the financial statements’.
- How have other organizations gone about trying to investigate a particular spreadsheet for complexity or accuracy?
- Has anyone seen some good articles on this subject?
- How many persons in your internal audit department have reported smoke coming out of their ears after working on spreadsheet compliance?
Thanks
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