Our team has worked on model audits for companies and transactions across the globe. We are highly experienced in reviewing financial models for inconsistencies and errors, and combine our modelling and audit experience to quickly identify key risk areas that might be overlooked in a general internal peer review. Our review experience can provide you with an independent set of eyes to give you the assurance you want before you commit to your decisions.
We can offer a range of services as part of a set of agreed upon procedures:
- Consistency testing – we use spreadsheet tools to create software ‘maps’ of a model to assist in checking errors where values may be accidentally hard-coded, or where formulae have been changed unexpectedly
- High level review – looking at data trends and testing input sensitivities to identify anomalies and unexpected results that may be caused by errors in a model
- Cell-by-cell review – when you need the most rigorous assessment of the workings of a model, we can interrogate every unique formula in a model in order to identify any mechanical or logical errors
- Best practice review – where you might have general confidence in your results, but want to see how your model could be improved, we can review the overall structure and complexity of your model and identify areas that may help to increase transparency, reduce risk and generally improve your productivity
All of our team have worked in senior roles at internationally recognised model auditing firms. Their experience in model reviewing techniques means that they can often reduce the amount of time required to review a model by identifying consistent, replicable calculation blocks that are easily checked against each other using auditing software to save you time and money.