Our market-leading financial model audit team provides a range of assurance services to clients operating across the infrastructure and energy sectors, and beyond.
We enable sponsors and lenders to invest with confidence, providing comfort over the integrity, accuracy and robustness of the models used to underpin transactions and to subsequently monitor investment performance.
We are trusted by the most prominent lenders and investors across the globe, having provided assurance on some of the highest profile infrastructure transactions in recent years. Our services range from full model audits backed by PI cover, through to high-level model reviews. No matter the type of assurance however, our output is always clear, concise and reliable – with a strong focus on guiding clients through the process, rather than simply providing long lists of issues.
The scope of our audits and reviews can be tailored to best fit your requirements.
A full model audit is typically performed upon request from key external stakeholders such as lenders, equity investors and public authorities, and is usually required to reach financial close of a transaction.
We deploy the tried and tested ‘cell-by-cell’ review method, guaranteeing a flexible but robust process, no matter the type of model. With a background in financial model development, we understand the key risk areas and have the commercial insight to identify outputs that are out of line with expectations. This allows us to raise insightful and relevant findings, unearth any errors and, importantly, potential errors that could arise as a result of using different input assumptions.
This service is suitable for clients seeking a level of comfort over a model’s reliability, but where scrutiny of each and every detail is not necessary, perhaps because no reliance is required by external parties, or where timescales do not allow.
Leveraging our experience of auditing and developing models we focus on common high-risk areas, whilst also reviewing the model more generally – in particular, scrutinising key model outputs relative to its inputs. This is supplemented by our sector knowledge, enabling us to identify outputs that do not align with our expectations. We will work through an agreed number of iterations to ensure any issues uncovered are corrected.
Although this type of model review is not as robust as a full model audit, it serves to provide high-level assurance that the model is functioning as intended.
The outcome of the review is a letter of support, highlighting what has been reviewed and any areas of concern.
From our experience of providing financial advisory services on the other side of the process, we understand that the closing stages of a transaction can be extremely stressful with deal teams under pressure to keep multiple ‘plates spinning’. The need for a model audit, particularly when required to achieve financial close only adds to this pressure.
We are here to guide you through the process. From the outset we will work with you to understand when the process should start, how many iterations are likely to be required and what input will be demanded of you and when. During the process we will ensure there is constant communication with your assigned project manager in our audit team, guaranteeing that iterations are completed in a smooth and efficient manner.
Our audit team is well-respected throughout the industry and is known for being meticulous, reliable and efficient.
Our audit team has reviewed over a thousand models covering nearly every sector of energy, infrastructure and beyond
Our audit team is highly respected having built enduring relationships with many prominent lenders and investors
We leverage our commercial acumen and model development background to spot issues early and provide meaningful findings
We employ a rigorous tried and tested review method to provide upmost confidence in model integrity
The level of professional indemnity accompanying our audits inspires trust in the model calculations and assurance on its results
We are well-versed in delivering assurance on models for projects and companies across the globe
Whether you have a project we can help take to the next stage or you would simply like to know more about EvoInfra connect with us today
Evolution Infrastructure,
1 Chancery Lane,
London,
WC2A 1LF
