Revisiting the Panko-Halverson Taxonomy of Spreadsheet Errors
  The purpose of this paper is to revisit the Panko-Halverson taxonomy of spreadsheet errors and suggest revisions. There are several reasons for doing so: First, the taxonomy has been widely used. Therefore, it should have scrutiny; Second, the taxonomy has not been widely available in its original form and most users refer to secondary sources. Consequently, they often equate the taxonomy with the simplified extracts used in particular experiments or field studies; Third, perhaps as a consequence, most users use only a fraction of the taxonomy. In particular, they tend not to use the taxonomy's life-cycle dimension; Fourth, the taxonomy has been tested against spreadsheets in experiments and spreadsheets in operational use. It is time to review how it has fared in these tests; Fifth, the taxonomy was based on the types of spreadsheet errors that were known to the authors in the mid-1990s. Subsequent experience has shown that the taxonomy needs to be extended for situations beyond those original experiences; Sixth, the omission category in the taxonomy has proven to be too narrow. Although this paper will focus on the Panko-Halverson taxonomy, this does not mean that that it is the only possible error taxonomy or even the best error taxonomy. 
Raymond R. Panko