Generally, errors in formulas are hidden but are significant. Mistakes in cell reference or improper use of formulas could lead to manipulations in the financial analysis and, therefore, affect the accuracy of financial reporting
Generally, errors in formulas are hidden but are significant. Mistakes in cell reference or improper use of formulas could lead to manipulations in the financial analysis and, therefore, affect the accuracy of financial reporting. For instance, a single data misinterpretation results in entire columns of wrong numerical values being returned.
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