Incorrect info

What does it cost if your information in not accurate?

“Theranos Voids Two Years of Edison Blood-Test Results,” The Wall Street Journal, May 19, 2016 A1.  Company throws out all test results from one of its machines (used in multiple labs) for 2014 and 2015.

Lots of compliance problems to come, including lawsuits from patients, sanctions from Centers for Medicare and Medicaid Services, and problems with its partners (including Walgreens).  Investors in the funding round in 2014 may also want to be heard.  Total damage quantum not yet established.

How dependent is your company on the accuracy of its information?  What does it cost if you get it wrong?

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Filed under Accuracy, Business Case, Compliance, Controls, Culture, Data quality, Governance, Information, Internal controls, Investor relations, Oversight, Risk, Value

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