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Article:

No.1….Again!

31 January 2020

BDO's Financial Model Audit team retains its #1 ranking as global model auditor for the fourth year in a row.

BDO is proud to announce that its Financial Model Assurance team has been named as top Global Model Auditor by IJGlobal. IJGlobal (owned by Euromoney) is the industry’s largest database of project and infrastructure finance data.

Source: https://ijglobal.com/league-tables

BDO topped the table according to both deal value and deal count for 2019.

Our submissions this year included 39 deals, representing US$38,526m of capital expenditure (independently verified by IJGlobal). The deals covered a variety of infrastructure projects in the UK and around the world, including:

  • Cameron LNG Refinancing (LNG, USA)
  • Neart Na Gaoithe Offshore Wind Farm (Offshore wind, UK)
  • Azito Gas Fired Power Plant Phase IV (Gas-Fired, Côte d'Ivoire)
  • Beatrice Offshore Wind Farm Refinancing (Offshore wind, UK)
  • Chrysaor RBL Facility 2019 (Upstream, UK)

This fantastic achievement is on top of being shortlisted as “Model Auditor of the Year” for Europe & Africa, North America and MENA at the upcoming IJGlobal Awards 2019, an accolade the team already holds for Europe & Africa and North America for 2018.

Kirit Mistry, the partner leading our Financial Model Assurance team, welcomed the news: “It is very pleasing to continue to top the rankings in recognition of supporting and providing assurance across a range of project finance transactions covering a broad spectrum of regions and sectors.  We look forward to continuing to provide quality model assurance to both project sponsors and funders despite the uncertainties the market faces”.  

This ranking again demonstrates the global nature of infrastructure markets and their participants, and underlines the importance of being able to present a global offering to the market.

Our clients receive a seamless service from us for their projects whatever the sector or geographic location, supported by us and our member firms within the BDO International network.

For further details about our Financial Model Assurance team, please contact Kirit Mistry.