Surveys indicate most GBA Member-Firms do not have a formal process for validating software or spreadsheets before they are used.  This Best Practices document reviews the risks of using commercial software and spreadsheets blindly or without validation which may lead to inaccurate results and exposure to loss and litigation.  It also provides recommended practices to manage risk by increasing accuracy of spreadsheets and software that you can start implementing now.

Mathcad, computation, compulation, calculation, commercial software, Excel, analysis, freeware, shareware, spreadsheet