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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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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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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assignment will be focusing on is young carers supporting their disabled parent. More specifically‚ the young carers are based on the ages from five to eighteen; and the service user group are based on a single parent that has a disability. Young carers have many needs that need to be met; one of them being education. It has been reported that young carers miss around ten weeks of school a year; in order to help care for their service user (Bennett‚ 2014). Even when young carers do attend school‚ they
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Young Offenders Australia’s justice system‚ applies different rules and regulations on which how young offenders are to be treated. Young offenders are those above the ages of 10‚ however are under the age of 17. Under the Children Proceeding ACT NSW 1987‚ states that children under the age of 10 are not liable to be charge for criminal intent ( mens rea ) as they are too young‚ to grasp the situations consequences and are recognised as doli incapax. However‚ there is a theory that ages from 10
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1.1 Explain why working in partnership with others is important for children and young people Partnership is driven by a desire for collaborative advantage and can offer many positive outcomes‚ like benefits for staff and services such as less replication between different service providers. It helps them see others point of view and it keeps them from being selfish‚ it helps young people interact with others to achieve a goal‚ and it helps them develop socially. It’s important to work in partnership
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understanding the principles and values essential for working with children and young people. 1. Principles and values a. Show how you promote the principles and values essential for working with children; young people their families and their carers. .At Clayfields house all children‚ young people their families and carers are all treated with respect. Families and carers are always updated on children’s or young people’s progress during their time at Clayfields and any deterioration in
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Is it easy to be young? It’s set in humans nature that he is always dissatisfied with things that he has. Every age has its own difficulties and for me this is a hard question to answer since I have only been young. I haven’t experienced the difficulties that older people have but from what I have experienced until now I think that being young has its positive and negative sides. One of the young persons problems is to find his place in the world where there is an order which he has to obey.
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consequences. You don’t need to be worried about the money that you should bring to your family or about the food that they will eat. But being young is not easy and I want to explain some reasons for that. The first problem that I want to mention is a lack of money. Usually youth suffer from it because it’s very difficult for youth to find a job. As a result‚ young people become dependent on their parents. It means that they should follow their rules all the time‚ and they don’t have the adequate freedom
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“Young generation is irresponsible or not?” If I am a person of 15 to 25 years than I will surely say that young generation is not irresponsible in any field while if I am a person of 40 years then I will clearly say that young people are the most lazy and irresponsible people in the world knowing the fact that I was also a part of youth some years ago I will enlighten both aspects one by one As we all know that technology is making its enrichment day by day. Now every work is being done by machines
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