preadsheets are a thorn in the flesh of risk and compliance. I have seen organizations with upwards of 40,000 spreadsheets collected for different risk and compliance issues e.g., SOX, Basel II, Ethics, as control questionnaires are sent to nearly everyone in the organization. The questionnaires come back and the compliance team scratches their heads and says Now what? How do we manage and report on this data?….IT GET’S WORSE!
Spreadsheets are inadequate for risk and compliance assessment questionaires | OCEG