Model Audit Services


A financial model audit is more than a review, it’s validation for high-stakes decisions.
At EMF, we combine our Excel expertise and structured frameworks to ensure your model’s integrity.

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Trusted by industry leaders
Deloitte
EY
IFC
Invhestia
KPMG
PWC
Sterlite
Nusa Cana

Why your Model needs an Audit?


Financial models underpin major investments, bids, and transactions. But even experienced modellers make errors. Models may contain inconsistent formulas, hidden ranges, or structural flaws. Without independent review, these flaws can go unnoticed until it’s too late. Mistakes in logic, linking, or hidden assumptions can jeopardize deal outcomes.

A model audit ensures:
  Arguments rest on sound logic, not hidden errors
  Stakeholders and funders gain assurance
  Your model can survive scrutiny, not just internally, but externally
  Model documentation and structure meet professional standards
  Your team saves time during due diligence and investor review

Our Audit Framework


Quick Review - A fast technical assessment to identify technical issues in the model, also suggesting whether the model needs a more detailed audit.
Comfort Review - A deeper analytical review covering key model logic and structure designed to provide investor-level comfort and confidence.
Full Audit - A comprehensive, cell-by-cell audit of every formula. This level of review is typically required for lender assurance and comfort.

CHECK DESCRIPTION QUICK REVIEW COMFORT REVIEW FULL AUDIT
All Formula inconsistencies within the model
Blank cell references in formulas
Sources for Excel errors like #DIV, #VALUE, #REF
Overlong or Partial ranges in formulas
Hidden inputs embedded within formula
Unused inputs or Misplaced inputs
Incorrect linking between sheets or within sheets
Arithmetic or logical errors in key calculations
Financial Statements analytical analysis
Tax & Accounting review against report
Full cell-by-cell review of the model
Sensitivity & Scenario testing as stated
Errors in Macro code functioning
Suggestions for logic & structure improvement
Document review of RFP, lender term sheets, etc
TURNAROUND TIME 1-2 DAYS ($500 only) 5-6 DAYS* 10-12 DAYS*
*Timing & Pricing estimate is easier with our Unique Formula Assessment tool. Just send us the generated report and get a discounted pricing for your model audit
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Improved model integrity and confidence


“ EMF conducted a thorough and well-structured review of our financial model.

Their structured approach helped identify key issues, inconsistencies, and potential risks within the model. The detailed issue log and clear recommendations made it easy for us to understand and implement the required changes.
Following the audit, the model is significantly more stable and easier to navigate, giving us confidence in using it for critical decisions. ”

-Prominent European Fund

What You’ll Get


Our model audit doesn’t just identify issues, it strengthens your model, improves transparency, and builds confidence for all stakeholders. After every review, you receive clear insights, practical recommendations, and a model that’s ready for investor or board scrutiny.

  A Cleaner, More Reliable Model: All issues identified and classified based on criticality
  Detailed Documentation: A structured report outlining observations and any residual risks
  Stakeholder Confidence: that your model can withstand review from investors, lenders, or decision-makers
  Reduced Risk of Surprises: Early identification of logic that helps avoid last-minute errors near submissions
  Actionable Insights: Practical suggestions to enhance the model’s logic, usability, and presentation quality

Think your model requires an audit? Let’s talk.
Contact us now to get the ball rolling and rest assured your model will hold up when it matters the most.

Recent Projects

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