When embarking on a financial model build, it’s important to design it from the outset with the model review and audit process in mind. By adopting good model hygiene and a thoughtful approach that prioritises clarity, consistency, and transparency, you can make it far easier for auditors to trace calculations and validate assumptions. Watch to hear from financial model auditor Jaspreet Kaur to take a look at the anatomy of a financial model and explore how to make the model review process easier. We cover key principles for building models that auditors appreciate, such as clear labelling of inputs and outputs, proper linking of data, transparent handling of hard-coded and unused calculation inputs, logical structuring of formulas, and explicit documentation, which will make your model intuitive to review and ready for a seamless audit.
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