Spreadsheet assurance: Financial services company

2010-09-01

Our client, a recognised brand in financial services, uses a number of spreadsheets for costing that are critical to its business

North-based financial services company

As management realised that controls over the spreadsheets could be improved, we were engaged to review the spreadsheets against best practice standards.

We sat with each spreadsheet owner to understand the underlying business rules, checked the formulae using the SpACE tool, documented the spreadsheets’ data flows in the required group format, and provided recommendations to beef up control.

The client now has confidence that the spreadsheets are well controlled, contain no material errors, and the outputs can be relied upon.