Financial Model Audit: The joy of finding an error (early)
As financial model auditors, nothing makes us happier than finding a big hairy error in a model. It shows we are doing our job and that we are earning our money! However, it is not lost on us that this will most likely cause problems for the team working with the model. In our experience, […]
Financial Model Audit: Parallel Build vs Cell by Cell
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. […]
Financial Model Audit: A Clean Audit Report
Having spent more of my career being audited, rather than being the auditor, I always had mixed feelings when I received a clean audit report where they hadn’t found any material issues. On the one hand, relief. The anticipation builds as you approach the bid, and the last thing you need is for the auditor […]
Model Audit 2.0 turns one this week. What have we learned?
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 […]
What does the latest budget mean for UK Infrastructure?
Yesterday the UK Chancellor Rishi Sunak delivered his latest budget. In terms of measures relating to companies involved in infrastructure project finance there were a few key points that may be relevant for your business: Corporation Tax Rates The planned UK corporation tax rate rise to 25% in April 2023 will go ahead as previously […]
Openbox V1.0
The last year has been quite a journey for Openbox. The pace of change really picked up over the last couple of months as 500 beta users have tested Openbox and given us unbelievably valuable feedback. We are now nearly ready to take the big step to version 1.0. We’ll be releasing this in early […]