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?

Advertisements

Leave a comment

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s