a letter he wrote to the company’s board of directors (Ramachandran‚ 2009). This report is going to focus on‚ an overview of the events that happened in Satyam‚ its consequences on Satyam’s stakeholders‚ the auditors involved and their role in the scam and the current situation of those responsible for the fraud. OVERVIEW OF EVENTS IN SATYAM FROM 1987-2009 Raju formed Satyam in 1987 in Hyderabad‚ India with fewer than 20 employees which then became one of India’s biggest IT services firm (Atesci
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THE HISTORY OF THE PRIORITY DEVELOPMENT ASSISTAANCE FUND(PDAF)/PORK BARREL • The term pork barrel politics usually refers to spending which is intended to benefit constituents of a politician in return for their political support‚ either in the form of campaign contributions or votes. In the popular 1863 story "The Children of the Public"‚ Edward Everett Hale used the term pork barrel as a homely metaphor for any form of public spending to the citizenry. After the American Civil War‚ however‚
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The 2G spectrum scam involved officials in the government of India illegally undercharging mobile telephony companies for frequency allocation licenses‚ which they would use to create 2G subscriptions for cell phones. According to a report submitted by the Comptroller and Auditor General based on money collected from 2G licenses‚ the loss to the exchequer was 176‚379 crore (US$38.27 billion) . The issuing of the 2G licenses occurred in 2008‚ but the scam came to public notice when
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Enron and its Associates Used Questionable Accounting Practices Clearly‚ there have been cases where management knowingly deceived the auditors. Then there seem to be other instances where the accounting treatment envelope was pushed just a bit too far. In the case of Enron‚ David B. Duncan‚ the former Andersen partner in charge of the Enron audit who was the government’s chief witness in the trial against Arthur Andersen‚ stood behind the decisions that resulted in the widespread use of off-balance
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A Report On Seminar on Contemporary Issues Titled “------------------- (Title of the Seminar Project) -----------------------” Submitted in partial fulfillment for the Award of degree of Master of Business Administration (MBA) Submitted By Submitted To Name of Student ------------- Dr. Manish
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THE HARSHAD MEHTA SCAM INTRODUCTION: Harshad Shantilal Mehta was born in a Gujarati Jain family of modest means. His early childhood was spent in Mumbai (Kandivali) where his father was a small-time businessman. After completing his secondary education Harshad left for Bombay. While doing odd jobs he joined Lala Lajpat Rai College for a Bachelor’s degree in Commerce. After completing his graduation‚ Harshad Mehta started his working life as an employee of the New India Assurance Company. During
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Republic of the Philippines Leyte Normal University Social Work Department Tacloban City Subject: HBSE2: PHILIPPINE SOCIAL REALITIES & SOCIAL WELFARE Title: ISSUE ANALYSIS PAPER (PDAF scam) Date Submitted: September 30‚ 2013 PRIORITY DEVELOPMENT ASSISTANCE FUND (PDAF) I. INTRODUCTION The history of ‘pork barrel’ started way back on 1922‚ during the American colonial period. The PDAF in its current form was reintroduced on 1986 during Corazon Aquino’s administration with the creation
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Today we are gonna do a presentation about a short story called “ The Lottery ”‚ written by Shirley Jackson. (Title and author) First of all‚ I would like to do an introduction about the author. Shirley Jackson was born December 14‚ 1919‚ into an affluent family in San Francisco‚ California‚ Jackson wanted to be a writer from an early age. She wrote poetry and kept journals throughout her childhood‚ and these writings have revealed her interest in the supernatural and superstition. A few
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short story “The Lottery‚” foreshadowing is utilized many times. “The Lottery” is tells of a ritual practiced by a village in which every person draws from a box to be stoned to death (sacrificed)‚ in order for a good harvest. Jackson uses foreshadowing to show that the lottery is actually a sacrifice by presenting the reader with symbolic objects‚ interactions with people‚ and dialogue to clue the reader in on future events. To start‚ Jackson foreshadows events at the lottery by describing the
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Analysis of Shirley Jackson’s “The Lottery” Thesis: Shirley Jackson insisted on adding extra forms of symbolism throughout the story. What could be the reasoning behind the added symbolism? I. Symbolism tells us the meanings of certain events in the story by referring to an object‚ the box and control A. The box is a form of tradition that this town is accustomed to. Although the box is old a worn it is still very relevant in this town. People speak of getting rid of the box
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