Case Study A Case Study in Corporate Governance & Ethical Auditing Satyam Fiasco & Role of PwC as an Auditor Group I Submitted By: Aditya Zutshi Ambrish Mani Piyush Anandani Ravinder Pal Singh Dhillon Abstract & Approach On Dec 16‚ 2008‚ Satyam declared to buy entire stakes in Maytas Properties for $1.3 Billion & 51% stakes in Maytas Infra for another $300 Million. By this action‚ the investors were furious. This was because of the move to invest in a promoter-related
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Heaven in Hell Neil Bissoondath’s “There Are A Lot Of Ways To Die” is the story of a man named Joseph Heaven who has become disillusioned about his homeland. Joseph had grown up on a Caribbean island and later moved to Toronto with his wife. After some years in Toronto they moved back to the island. However‚ now that Joseph has settled back in he realizes that the island is not how he had remembered it. The story takes place in one day as Joseph wanders around the island thinking about various
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Issues December 16‚ 2008: Satyam board approved a 51% stake acquisition of Maytas Infra‚ a listed company in the Bombay Stock Exchange for US$1.3 billion and 100% stake in unlisted firm Maytas Properties for US$300 million. Both of these firms were in the construction and real estate business and Satyam’s chairman‚ Ramalinga Raju family held a 36% stake in Mayta’s Infra and 35% stake in Maytas Properties. Implication: The deal was seen as a way of diverting cash from Satyam’s shareholder to Satyam’s
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ĐỀ THAM KHẢO ÔN THI TỐT NGHIỆP THPT MễN TIẾNG ANH 12 - Thời gian làm bài 60 phút I/. PRONUNCIATION: A/. Chọn từ gạch dưới được phát âm khác với những từ cũn lại: 1/ A. chauffeur B. China C. children D. check 2/ A. garment B. hardship C. carry D. garlic 3/ A. near B. pear C. dear D. clear B/. Chọn từ cú trọng õm chớnh nhấn vào õm tiết cú vị trớ khỏc với cỏc từ cũn lại: 4/ A. capital B. excellent C. determine D. continent
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Ghost story The time shows 12 midnight i am walking alone after attending my tuition class and sudddenly i heard someone calling my name and I turned towards the voice‚my heartbeat became more fast I jst thought who is calling me no 1 is around.I walked straightly to the main road because there was the only place that has the road light. The dark make my sense become terrible and unluckily I was forgetting to bring my handphone.Actually this is my first day attending my tuition day because my
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IT’S INTERESTING to see how history is distorted in the act of grasping it: how it bends to fit the mind of the person who takes it in. You can investigate a historical epoch and watch as others‚ arriving at disparate conclusions‚ paint a portrait with a selection of colors chosen to fulfill their needs. A man is bound to feel that in the careless approach of others‚ he himself stands accused: is he not guilty of the same crime‚ of distorting history to his own ends‚ lacking merely the person with
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In December 2009‚ India faced its biggest challenge in the domain of corporate governance and ethics in the Satyam fiasco. The Satyam scandal shook the corporate India‚ and dented its standing with investors‚ both domestic and foreign. It turned out that founder and CEO B. Ramalinga Raju invented $ 1 billion in cash‚ which never existed. The Satyam scandal brought to attention the importance of ethics and its significance to corporate culture. The scam committed by the founders of Satyam is a proof
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As women growing up in our society we are often told to be strong‚ independent individuals to prove that we are equal to men. We are told to take no bullshit from others‚ and always stand up for our wants‚ our beliefs‚ and ourselves. We are told to embrace our differences and go against the “typical woman” stereotype. Yet here are twelve hundred young‚ bright women at the University of Michigan standing outside in rain and shine‚ getting shouted at‚ and forced to conform to a system that can end
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As Lucas places his key into his old‚ rusted‚ ford truck‚ he slowly turns the key to the right while breathing a much needed sigh of relief. His junior year of high school has finally ended and all he had left to do was one exam two weeks from now. He could now take the 15 minute drive‚ over the winding‚ hilly country roads of Skylar County‚ to his father’s house. Lucas lived in the small town of Odessa‚ New York‚ a town mostly populated by farmers and rednecks. Although the small hill top town
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I. THEORY Negative Knowledge Model by Theodor Wiesengrund Adorno Adorno’s own view is that art and reality stand at a distance from each other and that this distance gives ‘the work of art a vantage-point from which it can criticize actuality’ (Adorno 1977:160). He said‚ this critical distance comes from the fact that literature has its own ‘formal laws’. The first law is the ‘procedure and techniques’ which in modern art ‘dissolve the subject matter and reorganize it’ (1977:153). Second
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