The aim of a model audit is to provide assurance how the results can possibly be relied. For that reason, the party completing the review will provide a level of reliance around the form of an amount of liability. A model audit is the colloquial term for the tasks performed when conducting required research on a personal model, in order to get rid of spreadsheet error. Model Audits are frequently called Model Reviews, primarily to avoid confusion with financial audit.
Model Audit
