BDO tops league table as #1 Global Model Auditor
04 May 2022
Accounting and business advisory firm BDO’s Financial Model Assurance Services (‘FMAS’) team has been recognised as the top Global Model Auditor for 2021 by deal value in league tables published by both IJGlobal and Inframation & Sparkspread.
At the end of March, FMAS also received the IJ Global ‘Model Auditor of the Year 2021’ Award for the Middle East & North Africa (‘MENA’) region, having previously been awarded IJGlobal Model Auditor of the Year 2020 for both Europe and Asia-Pacific regions.
The 2021 award recognised the firm’s work supporting projects across the Middle East, including the Saudi Schools Wave 1 PPP, the acquisition of the Jazan hybrid energy plant and the restructuring of the Sadara chemicals project.
Inframation & Sparkspread recognised 54 transactions supported by BDO with a value of $41.4bn, including the $12.1bn Jazan Economic City CCGT project, while IJGlobal recognised 40 infrastructure finance and 30 project finance transactions supported by BDO with a value of $51.5bn and $46.9bn respectively, including the $22.6bn Mozambique LNG project. The firm continues to be recognised in the infrastructure and project finance market for quality and the ability to support the largest, most complex projects around the world.
The FMAS team is truly international, working with the support of many local BDO member firms within the BDO International network to deliver ‘model audits’ around the world. Indeed, among the 54 projects recognised by Inframation & Sparkspread, only 13 projects were in the UK.
Kirit Mistry, Partner and Head of Financial Model Assurance, commented:
“To have topped of all model audit league tables by deal value for a number of years running demonstrates the continued resilience of the FMAS team throughout the pandemic to provide quality transactional assurance to our clients during a challenging period.”
Find out more about BDO’s Financial Model Assurance service or contact the team to discuss.