Internal Audit & Risk
For internal audit and risk committees governing a model inventory
The problem
- A model inventory is only a governance control if the models in it are periodically re-tested, not just catalogued once at build time.
- Waiver and suppression discipline (which findings were accepted, and why) is difficult to demonstrate consistently across a portfolio of models reviewed by different people at different times.
- Board and audit committee reporting on model risk is stronger when it can point to a repeatable, documented testing methodology rather than an informal review.
In practice
Deterministic, versioned testing gives internal audit a consistent basis for reverification cadence across the model inventory.
Relevant modules
OXXON Audit
liveDeterministic structural verification for Excel financial models — a scored risk memo with evidenced findings, in seconds, not weeks.
Run it now →See what a structural audit finds in your model.