![]() As such, the lack of traditional software engineering tools and protocols invites a higher rate of error in the end result. Mitigating Spreadsheet Model Risk with Python Open Source InfrastructureĪcross an aggregation of EuSpRIG presentation papers, two maxims hold true: spreadsheets models are akin to software, yet spreadsheet developers are not software engineers. Corrected models form the essence of the completed transaction and firms undertaking model audit and review expose themselve. Serious errors are routinely found and are fed back to model development teams generally under conditions of extreme time urgency. Structured processes are used to discover errors in large financial spreadsheets underpinning major transactions of all types. ![]() Spreadsheet audit and review procedures are an essential part of almost all City of London financial transactions. ![]() A Typical Model Audit Approach: Spreadsheet Audit Methodologies in the City of London ![]()
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