Satyam financial statement fraud (a) / Sanjay Kumar Mishra, Beenish Hussain.
In 2009, the then chairman of Satyam Computer Services Limited, India, confessed to financial irregularities, which led to a series of grave felonies, including massive financial and securities fraud. In his statement, he confessed that the irregularities in the company financial statements had aris...
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| Main Authors: | , |
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| Format: | Ebook |
| Language: | English |
| Published: |
London :
SAGE Publications: SAGE Business Cases Originals,
2022.
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| Series: | SAGE business cases
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| Subjects: | |
| Online Access: | SAGE |
| Summary: | In 2009, the then chairman of Satyam Computer Services Limited, India, confessed to financial irregularities, which led to a series of grave felonies, including massive financial and securities fraud. In his statement, he confessed that the irregularities in the company financial statements had arisen on account of inflated profit over a period of years. Later, the investigation into the financial reporting process at Satyam and the effectiveness of internal control over financial reporting highlighted that the weakness of the governance system and ineffective control over financial reporting allowed promoters of Satyam to propagate the financial statement fraud. Students will be asked to assess the culpability of the board governing performance and examine the factors that resulted in financial statement fraud at Satyam. |
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| Physical Description: | 1 online resource. |
| Bibliography: | Includes bibliographical references and index. |
| ISBN: | 9781529797602 1529797608 |