The difference between management-confirmed, consolidated group data and independently audited individual reports is often overlooked in public communication.
The difference between management-confirmed, consolidated group data and independently audited individual reports is often overlooked in public communication.
A consolidated financial presentation of an entire group of companies and an independently audited report of a single legal entity serve different purposes and shouldn't be presented as equivalent levels of verifiability.
Clearly labelling which data is independently audited and which is an internal, management-reviewed presentation lets the reader correctly calibrate the confidence level of each individual figure.
This commentary is part of the GNK ASG Intelligence Desk system and is informational in nature.
ConsolidatedGroupReport #Transparency #NerminSefic #NerminSefić #GNKASG #GNKDINAMOLtd
Autor: Nermin Sefić, GNK ASG d.o.o. Izvorni članak: gnk-asg.hr
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