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Not to belabour the editor comparison, but what comes out of an editor is plain text that anybody else can check with any other tool. Excel, not so much. So wh
by guitarbill 9y ago
Not to belabour the editor comparison, but what comes out of an editor is plain text that anybody else can check with any other tool. Excel, not so much.
So what's disappointing is the amount of 'finance supposed "professional"' that think that continuing to use Excel is acceptable.
For a profession that forces everyone else to dot the i's and cross the t's and leave an auditable trail, unsurprisingly they're willing to let standards slip when it suits them. I'm sure we can rely on them to do the right thing though...
- NamTaf 9y agoI don't necessarily agree with this. If you audit finance, you break open their speadsheets and step through it all. It's even got some basic tools for this - Formulas > Formula Auditing in the ribbon. The spreadsheets become an auditable artifact. Your objection seems to be more that it's proprietary and you can't crack it open with any tool you like. Finance doesn't really care about closed ecosystems though (case in point, Bloomberg).
- Havoc 9y ago>disappointing is the amount of 'finance supposed "professional"' that think that continuing to use Excel is acceptable. Well I'll be sure to hide my Excel when the software Gestapo shows up.