When you're reviewing a report for factual inaccuracies, don't try to deny the presence of risks inherent in the business that you're in. There's a reason people write Risk sections in reports, and when you try to pretend that, say, the price of oil won't affect your margins, and you happen to be an airline, you just make yourself suspect.
I know it's your job to try to present your company in the most favorable light. But it's my job to make sure that investors get a balanced picture of the company. And if the high rollers ask you tough questions in a meeting because of a note in the Risk section, and force you to address these risks on a daily basis in running the company, well, good.