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by dalbasal 1763 days ago
Convention, basically.

Releasing fraudulent data is different, culturally and legally, to releasing a powerpoint-style report summarizing curated "key points," selected, defined and quantified in a non transparent way.

Every year, public companies release annual reports. Hundreds of pages of largely BS. A few dozen pages of real financial data.

It's not uncommon for a page 1 chart of the company's market share, provided by a 3rd party to be total nonsense. The page 114 figure summarizing tax liabilities needs to be auditable. That's part way to transparent. Not everyone can see the data, but someone can.

1 comments

There are a lot more techniques to see if a large data set has been altered than a summary.