![]() ![]() These reviews and audits define the framework and specific requirements for verifying software development efforts. This paper lays ground work for spreadsheet modelling professionals to develop reproducible audit tools using freely available, open source packages built with the Python programming language, enablin.Īccurate software engineering reviews and audits have become essential to the success of software companies and military and aerospace programs. 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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