LOS ANGELES, July 20, 2016 /PRNewswire/ -- In response to a growing market need to mitigate spreadsheet risk, Vaco Los Angeles, a placement firm specializing in interim consultants and executive search for finance, accounting and IT positions, is launching a new spreadsheet audit service. Spreadsheet risk is not a new concept, but it's increasing significantly as the growth of big data has resulted in larger, more complex spreadsheets with more business-critical data. Companies can reduce costly mistakes and prevent the risk of repeats through spreadsheet audits.
Commercial spreadsheet error rates are high, often topping 90 percent according to some studies. The mistakes can range from embarrassing to extremely costly. Conducting spreadsheet audits can mitigate risk, but few companies possess the necessary talent and experience required to perform a high-quality, targeted spreadsheet audit.
"Vaco Los Angeles offers high-level expertise in spreadsheet auditing with extensive experience in spreadsheet design, redesign, training, and change management," said Frances Moreno, managing partner, Vaco Los Angeles. "In fact, feedback from previous spreadsheet audit clients indicates that our process and audit reports are superior to that of some of the Big 4 firms. Our audit reports go beyond the typical canned templates they use and offer real world-based analytical insights and practical advice for future spreadsheet design and inventory management."
In Vaco's new spreadsheet audit service, the Vaco consultant works with the client to identify the company's inventory of critical spreadsheets; performs both diagnostic (automated) testing and qualitative reviews of each spreadsheet using proprietary audit methodologies; provides a final report which includes testing results, risk assessment, and opportunities for improvement; and meets to discuss any next steps.
About Vaco Los Angeles
Vaco offers consulting, contract and direct hire solutions in the areas of accounting, finance, technology, healthcare, operations and general administration. With over 30 offices across the nation and beyond, Vaco has been on the Inc. 5000 list of the nation's fastest-growing companies for the last nine years. Vaco is dedicated to developing creative client solutions, long-term relationships, and lifelong careers. For more information, visit www.vaco.com/los-angeles or call 310-693-0490. Vaco Los Angeles has been named the #1 Best Place to Work in Los Angeles four times and has received Gold Stevie Awards for Best Employer and Company of the Year.
(714) 957-8880, ext. 113
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SOURCE Vaco Los Angeles