‘Fudge this …’. Not words you’d want to have printed in public annual report. But there they are, for all to see, in NZ Farming Systems Uruguay (NZFSU) annual financial statement released last week.

A classic, and embarrassing, example of how an internal process failure can seriously dent a reputation. The fact that it ended up in national news media must have added insult to injury and quite possibly, earned the poor individual who failed to pick it up a stern warning, or worse. Read the rest of this entry »