11/18/2014 Students of MSc. Financial and Managerial Accounting • Sonia Saher • Mohammad Waqas • Lu Tran Diem Trinh • Xin Wang 2 Roadmap: Introduction to Satyam and agency conflict overview Stakeholders at Satyam (presenter M. Waqas) Inadequacy in Satyam’s Corporate Governance (Presenter Trinh) Suggestions to save Satyam ship (Presenter Xin) Questions will be entertained at the end 11/18/2014 3 B. Ramalinga Raju‚ January 7th 2009 "It was like riding a tiger‚ not knowing how to get
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43 A NEW HISTORICIST APPROACH TO JOHN GALSWORTY’S THE FORSYTE SAGA B. Krishnamurthy* Introduction The present paper aims at applying the New Historicist approach to the study of John Galsworthy’s The Forsyte Saga. John Galsoworthy is one of the three eminent Edwardian Novelists‚ the others being H.G. Wells and Arnold Bennet. They grew up when socialism was gaining ground among the elite and when the Russian writers with leftist orientation were the most dominant influence. Galsworthy’s sympathy
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Section A: Analyse the strategic market environment of Saga Holidays Introduction Saga Holidays was a family-run business which started from year 1948. This business had steadily grown until nowadays. As a result‚ it has recognised reputation as a travel organiser that concentrated serving the older target market only. However‚ the chairman of the Saga Holidays had decided to retire in October 2004. Thus‚ he had sold the organisation to the Charterhouse with an incredible amount of £1.35bn
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The case Satyam fraud was an eye opener for everyone who has a part to play in the business chain – the promoters‚ employees‚ auditors (both internal and external)‚ customers‚ shareholders‚ board-members‚ executives‚ creditors‚ institutional banks‚ regulatory bodies and even the Government. Just because regulators and Government were not directly linked to the functioning of the company they cannot deny that they were faultless or knew nothing or were not supposed to know anything. Satyam case especially
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Satyam Shivam Sundram Truth Godliness Beauty Talks given from 07/11/87 am to 21/11/87 pm English Discourse series CHAPTER 1 Satyam‚ Shivam‚ Sundram 7 November 1987 am in Gautam the Buddha Auditorium Question 1 BELOVED OSHO‚ WHAT IS THE MYSTIC CONCEPTION OF ULTIMATE REALITY? Maneesha‚ the mystic’s conception of the ultimate reality is the only authentic‚ real experience. It is not a thought or a concept‚ but an existential experience. But the mystic does not deal with the
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Case analysis: Case: Infosys vs Satyam. Whose wealth is maximized? 1. Synopsis: The case revolves around the accounts manipulation of Satyam Computers. It makes a comparison between two companies of the same competitive IT industry i.e Infosys and Satyam Computers. It shows how the company’s fate/ business scenario depends upon the financial vision of the CFO. The principal objective of the case is to analyze the role of a CFO in maximising shareholders’ wealth. The main objective of every
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Ethics Case Satyam Computer Services – The Enron of India Founded in 1987‚ Satyam Computer Services Ltd. was founded by B. Ramalinga Raju. Operating globally in 66 countries‚ Satyam had a growth of 53‚000 employees from just 200 employees. By 2009‚ it was India’s fourth largest information technology company. Services included customer service and outsourcing of accounting and finance. 185 companies of those listed‚ as the Fortune 500 including Nestle‚ General Motors and General Electric were
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In early 2009 the chairman of Satyam Computer Services admitted publicly to a fraud taking place in the company. Satyam reported in the financial statements billions of dollars in profits and cash assets that never existed. The public auditor’s responsible for auditing the financial statements of Satyam Computer Services at the time was PW India‚ an affiliate of Pricewaterhouse Coopers. The Securities and Exchange Commission determined that Satyam was able to commit the financial statement fraud
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Satyam Computer Services Limited. Introduction Satyam Computer Service Limited is a leading global business and information technology company‚ delivering consulting‚ systems integration‚ and outsourcing solutions to clients in over 20 industries. Incorporated on June 24 1987‚ Satyam has grown substantially to become one of the fastest growing companies in the IT services and BPO sector. It is one of the youngest IT services company to reach US $1 billion mark in annual revenues. The first fortune
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Ramalinga Raju ’s shock resignation on 7 January 2009 in Hyderabad‚ India as chairman of Satyam Computer Services blew the Indian economy in general and its information technology sector in particular when he confessed fraud running into millions of dollars in 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
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