How & Why you should include more non-financial data into your accounting (ESG). Bookkeeping is about the business’s own narrative. The story can be told in dollars, but for ESG-reporting the story is also told in non-financial figures. A problem arises if the figures and ratings that the story is leaning on is subjective.
Small companies spend a higher % of their profits on audit than big companies. Relatively speaking, an audit is more expensive for smaller and medium sized companies.
Imagine you are responsible to release funds according to invoice details. Suddenly a vendor asks why their payment is overdue. But you already paid it last week, how can this be? You come to the chilling realization that you have become a victim of a Business E-mail Compromise.