Satyam was the fourth largest information technology group in Indian and won various award pertained to innovation‚ governance and corporate accountability. However‚ Satyam was involved into a massive accounting fraud. As mentioned in the case‚ corporate governance at Satyam is unsuccessful due to the lack of obligation of the company interest to serve the stakeholders. Given that the shareholders have the right to obtain key information regarding to acquisition‚ request transparency of managing
Premium Internal control Auditing Audit
Case 1a: Satyam Accounting Scandal Mahindra Satyam is an IT company in India that recently perpetrated a large accounting scandal. To complete this assignment‚ you should first conduct research using the Internet to better understand Satyam and its fraud. Second‚ use the Internet and your understanding of class material to answer the following questions. Questions: 1. (a) In general‚ what is the role of information asymmetry in accounting scandals? Information asymmetry generally
Premium Audit Accounting scandals Income statement
What were the consequences that befell the company upon the discovery of the fraudulent activities? The Satyam case the discovery of the fraudulent activities gives big impact to the stakeholders. First of all‚ the Satyam business will be in difficulties and cannot focus on the core business. Satyam may be collapse like Enron Company. Employees of Satyam spent anxious moments and sleepless nights as they faced non-payment of salaries‚ project cancellations‚ layoffs and equally bleak prospects
Premium Finance Stock market Cost overrun
SATYAM SCANDAL I. Analyze the case and respond to the following questions: (a) Discuss the earnings management techniques employed by the management of Satyam. In this case of Satyam‚ I can conclude that the obvious technique employed by the said management are: 1. “Big Bet on The Future”. When an acquisition occurs‚ the company acquiring the other is said to have made a big bet on the future. As refer to this case‚ Ramalingam Raju the Chairman of Satyam Computer Services Ltd
Premium Audit Auditing Generally Accepted Accounting Principles
Corporate Governance at SATYAM | | Submitted to-Prof. Rajan Mani | Submitted by- Khushbu Gumber | Shivi Singh | Siddharth Talokar Vikrant Shinde | 9/26/2011 | | Table of Contents Content | Pg. No. | Company Background
Premium Corporate governance Board of directors Mahindra Group
Andhra High Court Ledalla Ravichandar And Another vs M/S Satyam Computer Services ... on 7 February‚ 2011 THE HON’BLE SRI JUSTICE N.R.L. NAGESWARA RAO CITY CIVIL COURT APPEAL No. 259 OF 2002 07-02-2011 Ledalla Ravichandar and another M/s Satyam Computer Services Limited‚ A Public Limited Company‚ represented by Authorised Signatory Counsel for the Appellants: Ledalla Ravichandar and another Counsel for the Respondent: M/s Satyam Computer Services Limited‚ a Public Limited Company Rep
Premium Contract Breach of contract Plaintiff
Satyam scam Satyam Computers services limited was a consulting and an Information Technology (IT) services company founded by Mr. Ramalingam Raju in 1988. The company offers information technology (IT) services spanning various sectors‚ and is listed on NSE‚ BSE‚ the New York Stock Exchange and Euronext. It was India’s fourth largest company in India’s IT industry‚ offering a variety of IT services to many types of businesses. Its’ networks spanned from 46 countries‚ across 6 continents and employing
Premium 2009 Mahindra Group
Open Journal of Accounting‚ 2013‚ 2‚ 26-38 http://dx.doi.org/10.4236/ojacct.2013.22006 Published Online April 2013 (http://www.scirp.org/journal/ojacct) Corporate Accounting Fraud: A Case Study of Satyam Computers Limited Madan Lal Bhasin Bang College of Business‚ KIMEP University‚ Almaty‚ Republic of Kazakhstan Email: madan.bhasin@rediffmail.com Received January 15‚ 2013; revised March 12‚ 2013; accepted March 28‚ 2013 Copyright © 2013 Madan Lal Bhasin. This is an open access article distributed
Premium Fraud Accounting scandals
On Report On | Satyam Scandal | | March 04‚ 2013 | | Satyam Scandal | | March 04‚ 2013 | Abstract The purpose of this report is to highlight the ethical issues involved‚ wrongdoings by the top management of the Satyam Computer services‚ and some ways adopted by government
Premium Ethics Corporate governance Business ethics
Sr No. Topic Page No. 1 Introduction - ethics 4 2 Business Ethics 4 3 Overview of Issues in Business Ethics 5 4 Satyam 8 5 Controversies 9 6 Details of Satyam Scam 10 7 Analysis 13 8 Conclusion 15 Ethics. Ethics is a branch of philosophy which seeks to address questions about morality‚ such as how a moral
Premium Business ethics Ethics