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Model Auditing

We offer auditing of risk assessment practices and models. We provide an independent auditing service to review a client's current or planned risk assessment process. We also critique risk analysis models and reports, which is particularly useful to clients who need to understand any weakness in their approach, for example when a report may be going out to public review or to a potentially hostile audience, or when a lot is riding on a correct analysis.

Many clients have found it very useful to have their planned modeling approach reviewed prior to committing resources to its execution. We can help a client through a risk assessment by: advising on the most practical approach to the problem, given the availability of resources and data and the goals of the exercise; reviewing the model at the planning stage and at completion, and reviewing the subsequent report for the information it provides, its accuracy and its clarity. This leaves the client in complete control of the process, whilst building up further risk assessment experience, but ensures that any effort is expended efficiently and with the minimum of delay.

Contacts
Main Lead :

DAVID VOSE, M.Sc.

+32 932 406 23
Vose Consulting Belgium Office
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Clients

At Vose Consulting we believe in partnering relationships with our clients: that is, we strive to structure our clients' use of our time to maximize their benefit. To that end we prefer to work, wherever possible, alongside the client, demonstrating and teaching as we go the methods we use and sharing as much of the work as possible with the clients' personnel. This maximizes the transfer of knowledge, so that the client is better able to understand our work, and more capable of doing future projects by themselves. We aim for long-term relationships with our clients. To view the full list of our clients in this application, please follow the link at the end of the list “View All Clients”.

 

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Example Projects

Review Monte Carlo Risk Analysis Model

Problem:
A government agency developed a Monte Carlo risk analysis model to support important policy decision-making. Because of the model's importance, the client desired an independent review of the model.

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