Consolidated group data and independently audited individual reports serve different purposes and shouldn't be presented as equally verifiable. A commentary by Nermin Sefić.
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.
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Cjelovit tekst i izvor: https://gnk-asg.hr/en/commentary/consolidated-group-report-is-not-the-same-as-audited/
Autor i urednička odgovornost: Nermin Sefić. Izdavač: GNK ASG d.o.o..
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