Research has shown that over 95% of financial models contain errors. Having your model reviewed by RSM provides assurance on the mathematical integrity of the forecasts and the reasonableness of the assumptions underpinning the forecasts.
Our approach to model reviews includes an assessment of assumptions and formulae that underpin the model together with a review of outputs and sensitivities. By reviewing the detail of the assumptions and formula, and undertaking a high-level review of outputs, we are able to provide assurance on the flow of data from initial assumptions through to output schedules. In addition, we analyse key sensitivities to provide further assurance on the integrity of the model and to identify any potential funding issues or covenant breaches.
Our reports include a summary of errors identified during our review together with recommendations on the improvement of the structure of the model.
When you need a comprehensive review, we extend the scope of our scrutiny to include tax and accounting, sensitivity testing, and checking the data in your model against the original financing or legal documentation.