* We are happy to sign a confidentiality agreement before receiving the model. We will inform you by whatever method you are most comfortable with.Īt the close we will provide you with a report, your corrected model and the new, parallel model. We keep you updated on actual and potential errors during our investigation and make changes to your model as required. Once we have agreed the fixed fees for the work* our review starts. The impact on core results of each of these actual and potential errorsĪ report with best-practice advice for specific changes in the modelĪnd secondly, the parallel Excel model which is a fully working, best-practice model to replace the original, built by Lazuli, and focusing only on the core results you specify. The deliverablesĮxcel Check service provides the model managers with valuable knowledge in two forms a report and a model. To find out more about model audit and the details of how ExcelCheck works, visit our Excel Check FAQ page. The parallel model can have advantages over the original because it was conceived with specific business objectives in mind, using the advantage of hindsight to sidestep any unnecessary complications. Unlike the alternative cell-by-cell method, our parallel modelling technique is more creative and enjoyable – this is important as it leads to greater accuracy.Ī distinguishing feature of Excel Check is that whilst checking the accuracy of your current model, we produce a alternative parallel model which can easily replace the original if you wish. This means we will build a new model and compare it to the original, to understand how your model works. Our approachĮxcel Check uses a parallel modelling technique to check your speadsheet - also known as ‘re-perfomance modelling’. Our service is fast, carried out by experienced model auditors and will provide you with a replacement model. The solutionĮxcel Check provides the reassurance you need to rely on your spreadsheet model without the expense of an insurance policy. The model audit services from the accountancy firms can be very expensive due mostly to the cost of the insurance policy attached to the transmittal letter. Less than optimal calculations that may slow the model down or make it harder to use Spreadsheet models with errors cannot be relied upon to make important decisions.Įxcel spreadsheet models can suffer from a number of problems, including:Ĭalculations that are irrelevant to the core results, thus creating unnecessary noise
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