The pain of being audited
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, […]
An end to audit iterations
Why we at Gridlines decided to throw out the concept of financial model audit iterations. Iteration based charging is the norm in the financial model audit sector. This means that the price of an audit will be quoted assuming a fixed number of iterations, usually 3-4, and then there will be a supplementary charge – […]
Public Health England’s COVID-19 Excel Error
Here at Gridlines, we are always banging on about spreadsheet risk and the risk of errors in Excel. Usually, we keep it light: “The world’s largest legal weed business had its accounts go up in smoke after a spreadsheet error caused it to underreport its losses.” Or perhaps even….. “Bargain Booze’s spreadsheet hell sinks the […]
Openbox Beta: Round 1 Retrospective
Round 1 Retrospective It feels like only last week that we kicked off the beta process, and here we at the end of Round 2. There has been a huge amount of input from our beta users, and we’re incredibly grateful for their time – particularly during the current crisis – in making Openbox more […]
Your Openbox questions answered
Well, that was quite a week! Watching Kenny doing the Openbox demo on Wednesday ranks among the most stressful things I’ve ever done. I’m sure it was pretty high pressure for him too! But we were fully prepared, well practised, and it all worked on the day. Thank you to everyone who attended, or watched […]
The Business Analysis Lifecycle
As modellers it’s easy to focus on the technical details within a model and to lose sight of the bigger picture. The business analysis lifecycle is a framework which is useful in putting into context what we are doing as modellers, and more importantly, why we are doing it. Kenny explains the framework in this […]