Products & Services -> Model Audits/Assurance

Operis has been engaged in model due diligence work for many years. During that time it has evolved into one of the few firms outside of the major accounting practices with a serious reputation in model audit. Operis has worked for all the major European project finance lenders, bond arrangers and monoline insurers.

In the UK PFI market, Operis currently works on over one third of the total model audit assignments. We also execute a significant amount of assignments in the wider project finance industry, both in the UK and around the world – especially in power, renewables, waste, water, property, mining, oil & gas, and transport.

We have also been mandated to audit financial models for corporate finance transactions, including recent ones in Germany, Portugal, Bulgaria, and the UK.

Operis employs the largest model review team in the country. Our approach is distinct from our competitors, with an emphasis on providing helpful and meaningful reports which focus on materiality and commerciality. This helps point out significant problems that may affect the deal and its bankability.

Operis has worked on some of the largest structured finance projects to date, including a £4.8b London tube deal, the £1.6b Dutch High speed Rail link project, a £1b hospital bid, a $2b gas project in Mozambique and South Africa, a $780m refinery in Morocco, and a $1.5b power plant project in the Ukraine.

Furthermore, we are the only European company to be accredited to ISO9001 for model review tasks.

For further information contact:
Hugh Daniel       Paul Myers      Simon Williams