Corporate Law : Explore the lessons from Satyam Computers and Enron scandals, their impact on corporate governance, and the role of transparency. ...
Finance : Explore Satyam and PNB scandals in India's corporate world and how government agencies like CBI, SFIO, and ED played a pivotal rol...
Company Law : Satyam fraud case serves as a cautionary tale that highlights the importance of corporate governance and the responsibilities of t...
Company Law : Satyam Case is a tale of irony in the name of the company. The word ‘Satyam’ means truth whereas the Satyam Case is about the ...
CA, CS, CMA : It is ripe time for ICAI to take initiative and show leadership in conveying and educating the investors, regulators and other sta...
CA, CS, CMA : The gloves are off in the fight between the Union Government and Opposition on who is helping scam-tainted Satyam Computer Service...
CA, CS, CMA : Tainted Satyam auditor Price Waterhouse heads for a disgraceful exit as the new board of the IT Company is believed to have initia...
CA, CS, CMA : The suitors seeking to take over the scam-hit Satyam Computers will not be able to go through the restated financial statement or ...
CA, CS, CMA : The cup of woes for B Ramalinga Raju seemed to be full as income tax officials drove down to the Chanchalguda jail on Thursday and...
CA, CS, CMA, Finance : PwC’s unqualified opinions of Satyam’s financial statements were materially false and misleading… as an accounting expert wh...
In an ironic twist to the ongoing Satyam saga, a clutch of front firms promoted by the founder of Satyam Computer Services, B Ramalinga Raju, and his family, have demanded repayment of Rs 1,230 crore that they lent to the software firm.
The CID on Monday levelled serious allegations against auditors of Pricewaterhouse and its two Hyderabad partners S Gopalakrishnan and Srinivas Talluri by claiming that the company had no branch in Hyderabad and that these two had no connection with the firm.
The high-profile Rs 7,000- crore Satyam fraud case is likely to be transferred to a special sessions court to expedite trial,according to a senior police officer. The Criminal Investigation Department (CID), which is probing into the fraud after the software firm’s disgraced founder B Ramalinga Raju confessed to fudging the books, will shortly recommend the […]
The ICAI’s proposal to restrain foreign firms from joining hands with Indian auditing companies has brought some relief to local chartered accountants. They observe that this proposal will put an end to the monopoly of the big four (Ernst and Young, Pricewaterhouse, KPMG and Deloitte) which has been a matter of concern to them for […]
Proof of disgraced Satyam founder Ramalinga Raju’s political influence — an issue that is being widely discussed following his January 7 confessions of fraud — was strongly in evidence as far back as 2002, when his company was at the height of its success. A 2002 report filed by the deputy director, investigations in the […]
Satyam’s Auditors Arrested – Who’s Next? Participate In Signature Campaign Now Based on confessions of fraud made by the promoters of Satyam and its CFO, the Andhra Pradesh Police arrested the two members of the Institute of Chartered Accountants of India, who signed the Audit Report and put them behind bars along with common criminals. […]
Scam-hit Satyam Computer has been approached by as many as seven possible suitors, including private equity players, even as the company’s investment bankers are trying to find the best match.
Embroiled in the Satyam scam, auditing firm Price Waterhouse’s assurance leader Thomas Mathew – a top executive in the organisation’s hierarchy stepped down from his position on Tuesday with immediate effect. The firm also suspended S Gopalakrishnan and Srinivas Talluri, the two arrested partners in the Hyderabad office of the company, from their positions until […]
Satyam is close to finalising a new head to help the government-appointed board put the fraud-hit outsourcing firm back on track, a minister said on Wednesday. Corporate Affairs Minister P.C. Gupta said the new head of Satyam would would not be called a chief executive, but declined to name the identified candidate.
There is no lapse in the standard of accounting and auditing ethics in India. Satyam shock is just an aberration or an accident, said Mr Ved Jain, president of the Institute of Chartered Accountants of India.
