Narrative Consistency
Definition
The property of a company's investor communications in which all statements about financial performance, position, and prospects, across all contexts including presentations, data rooms, emails, and verbal conversations, are consistent with each other and traceable to the same underlying data. Narrative inconsistency occurs when a figure stated in a pitch deck differs from the same figure in the financial model, or when a verbal statement implies a different performance trajectory than the financial documents.
Common Misapplication
The most common misapplication is treating narrative consistency as relevant only to formal documents while allowing informal communications to contain figures from memory that have not been verified against the financial model. Every figure stated to an investor in any context forms part of the financial representation record.
FFI Standard Reference
This term is defined and applied in Book 5, Section 5.2: The Financial Narrative Standard.
Related Terms
Citable URL
This term may be cited using the following permanent URL.
Full citation format: Founder Financial Infrastructure Standard, Beta v0.5, Glossary: Narrative Consistency. https://ffistandard.org/glossary/narrative-consistency/. 2026.