Model Auditing

Corality is an expert model auditor, with wide-ranging experience across all major sectors globally. We differentiate ourselves by our consultative approach, highly experienced staff, rigorous procedures and efficient communication of results. Corality’s model audit services significantly reduce the risk of modelling errors and fulfill the requirements of financiers, investors and stakeholders.

Corality’s dedicated model audit team consists of consultants with backgrounds in accounting, actuarial, mathematics, banking, strategy and corporate finance. This allows us to bring industry specific knowledge and expertise to the model audit process. We fully understand the requirements of the transaction banking environment and work closely with our clients throughout the audit process to provide real impact on the transaction outcomes.

Our sophisticated technology and internal processes combined with our wealth of experience enables us to perform model audits to the highest international benchmarks in all industry sectors globally. We offer a uniquely consultative approach – we assist our clients in reducing spreadsheet errors as well as improving the underlying financial models through our best practice financial modelling methodology SMART.

Best practice financial modelling methodology - SMART

Corality’s financial modelling methodology, SMART, is a set of best practice guidelines, internationally applauded for effective and professional financial modelling. It meets the needs of decision-makers and financiers across all major project finance industries. The SMART approach to modelling decreases model risk and increases the confidence of all users – it helps people build better models.

Read more about the SMART modelling methodology.

Model audit services

Corality offers a comprehensive suite of model audit services, including:

• Formal transaction model audit
• Independent model review
• High level analytical review
• Tax and accounting review
• Verification and documentation review
• Best practice review

Model audit methodology

Corality uses a combination of procedures when auditing models in order significantly increase the confidence in the integrity of the model.

• Cell-by-cell review
• Analytical review
• Software generated consistency maps
• Sheet-by-sheet comparison
• Scenario Analysis
• Stress testing
• Transaction overview analysis
• Trend analysis

Download our Model Auditing Brochure