This is true of most material statements provided by companies in every industry:
- Revenue? Trust the company, I cannot independently verify from outside the company.
- Retail same-store sales comparable? Have to trust the company's numbers.
- Headcount? I have to trust their number again here.
- Expenses? I have no way to verify this unless I work at the company, in a very senior position.
Outside verification of data is not a concern relevant to corporate disclosures.
This is true of most material statements provided by companies in every industry:
- Revenue? Trust the company, I cannot independently verify from outside the company.
- Retail same-store sales comparable? Have to trust the company's numbers.
- Headcount? I have to trust their number again here.
- Expenses? I have no way to verify this unless I work at the company, in a very senior position.
Outside verification of data is not a concern relevant to corporate disclosures.