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Tag Archive: audit

Financial Model Audit: What makes a good audit?

Gridlines

We are constantly striving to make our model audit service as good as it possibly can be. Here’s what we believe makes a great model audit experience: Finding the big errors This goes without saying, but the one thing that overshadows everything else is that you need to be confident that material errors will be […]

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Financial Model Audit: Parallel Build vs Cell by Cell

Gridlines

One of the key differences in approach adopted by the various financial model audit firms is whether they follow a parallel build or a cell by cell approach. If you are engaging an auditor to review your model, it is a question you should ask. Cell by Cell This approach is what the name implies. […]

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Model Audit 2.0 turns one this week. What have we learned?

Gridlines

Exactly one year ago Gridlines secured its first financial model audit mandate. As we now celebrate the one year anniversary of launching Model Audit 2.0, what have we achieved and what have we learned? Let’s start with the achievements: We have been appointed on over 20 audits with a transaction value in excess of 3Bn […]

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Harder, Better, Faster

Gridlines

A Faster Audit?   We set ourselves the challenge of looking at the financial model audit process to see how we can make it faster for our clients. For those of you un-familiar with the typical audit process, it usually goes something like this: Engage auditors around 1 month prior to bid / financial close […]

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The pain of being audited

Gridlines

Nobody likes to be scrutinized, and to have a financial model audited is a very public form of scrutiny. I have had my models audited many times, and it is not generally a fun experience. My rational brain tells me that it has to be done and that a thorough audit is a good thing, […]

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