About: Model audit

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A model audit is the colloquial term for the tasks performed when conducting due diligence on a financial model, in order to eliminate spreadsheet error. Model audits are sometimes referred to as model reviews, primarily to avoid confusion with financial audit. A study in 1998 concluded that even MBA students with over 250 hours of spreadsheet development experience had a 24% chance of introducing spreadsheet error. Model audits are typically requested by banking organizations, in order to reassure lenders and investors alike that the calculations and assumptions within the model are correct, and that the results produced by the model can be relied upon. When a comprehensive review of the model is required, the scope of review is often extended to include tax and accounting, sensitivity te

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  • Una auditoría de modelo (model audit, en inglés) es el término coloquial para las tareas practicadas al llevar a cabo una diligencia debida sobre un , de cara a eliminar los errores de hoja de cálculo. La auditoría de modelo también se conoce como revisión de modelo, para evitar confundirla con la auditoría financiera. Un estudio de 1998 concluyó que los estudiantes de MBA con más de 250 horas en el desarrollo de hojas de cálculo incurrieron en una probabilidad del 24% de error en hoja de cálculo.​ Las auditorías de modelo son habitualmente solicitadas por organizaciones bancarias, de cara a asegurar a prestamistas e inversores que tanto los cálculos como los supuestos del modelo son correctos, y, por tanto, que se puede confiar en los resultados que este arroja. Cuando se solicita una revisión completa del modelo, el alcance se suele ampliar para incluir fiscalidad, contabilidad, análisis de sensibilidad y comprobación de datos hasta llegar incluso a la documentación original legal y financiera del modelo. (es)
  • A model audit is the colloquial term for the tasks performed when conducting due diligence on a financial model, in order to eliminate spreadsheet error. Model audits are sometimes referred to as model reviews, primarily to avoid confusion with financial audit. A study in 1998 concluded that even MBA students with over 250 hours of spreadsheet development experience had a 24% chance of introducing spreadsheet error. Model audits are typically requested by banking organizations, in order to reassure lenders and investors alike that the calculations and assumptions within the model are correct, and that the results produced by the model can be relied upon. When a comprehensive review of the model is required, the scope of review is often extended to include tax and accounting, sensitivity testing and the checking of data contained within the model back to the original financing and legal documentation. (en)
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  • Una auditoría de modelo (model audit, en inglés) es el término coloquial para las tareas practicadas al llevar a cabo una diligencia debida sobre un , de cara a eliminar los errores de hoja de cálculo. La auditoría de modelo también se conoce como revisión de modelo, para evitar confundirla con la auditoría financiera. Un estudio de 1998 concluyó que los estudiantes de MBA con más de 250 horas en el desarrollo de hojas de cálculo incurrieron en una probabilidad del 24% de error en hoja de cálculo.​ Las auditorías de modelo son habitualmente solicitadas por organizaciones bancarias, de cara a asegurar a prestamistas e inversores que tanto los cálculos como los supuestos del modelo son correctos, y, por tanto, que se puede confiar en los resultados que este arroja. Cuando se solicita una re (es)
  • A model audit is the colloquial term for the tasks performed when conducting due diligence on a financial model, in order to eliminate spreadsheet error. Model audits are sometimes referred to as model reviews, primarily to avoid confusion with financial audit. A study in 1998 concluded that even MBA students with over 250 hours of spreadsheet development experience had a 24% chance of introducing spreadsheet error. Model audits are typically requested by banking organizations, in order to reassure lenders and investors alike that the calculations and assumptions within the model are correct, and that the results produced by the model can be relied upon. When a comprehensive review of the model is required, the scope of review is often extended to include tax and accounting, sensitivity te (en)
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  • Auditoría de modelo (es)
  • Model audit (en)
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