With the introduction of e-commerce, network marketing, business process reengineering, franchising, M-commerce, knowledge process outsourcing, etc., the business patterns of the current digital era have altered substantially. These have enabled businesses to access a worldwide audience; geographical limitations are no longer a concern. Even tiny enterprises may now advertise and sell their items globally. The development of technology is another aspect that is transforming the business environment, industries, systems, and procedures, as well as automating the majority of manual operations. This significant transformation has boosted businesses? production and has made them more efficient. In practically every area, artificial intelligence technology is also making inroads, including accounting. A prosperous enterprise must achieve all of its economic, social, and environmental goals. Consequently, business and society constitute an interacting social system. Each is dependent on the other and impacts the other. They are so intricately intertwined that any action taken by one would inevitably affect the other. A business participates in a variety of activities to satisfy both its profit-seeking mission and the needs of society. A firm has societal duties and must uphold its principles and ideals while meeting societal expectations. It implies that while society allows a business to operate, construct factories, and engage in other profit[1]seeking activities, it also expects the business to refrain from engaging in undesirable or harmful conduct. Companies are expected to engage in a variety of socially desirable practices, such as the provision of quality goods and services, the provision of goods at fair prices, the creation of healthier and better working conditions, the prevention of activities that can cause pollution or the installation of pollution-control devices, the resolution of customer complaints, etc.