The Satyam Computer Services scandal was a corporate scandal that occurred in India in 2009 where chairman Ramalinga Raju confessed that the company’s accounts had been falsified. The Global corporate community was shocked and scandalised when the chairman of Satyam‚ Ramalinga Raju resigned on 7 January 2009 and confessed that he had manipulated the accounts by US$1.47-Billion. Contents [hide] 1 Role of Auditors 2 Aftermath 3 New CEO and special advisors 4 Acquisition by Mahindra Group 5
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possible to analyze the Satyam case under two main different perspectives. The first addresses the conditions that made possible‚ and eventually stimulated‚ the existence of the accounting fraud perpetrated from the company top management. The second one is about the issue of gaps in the company’s control framework‚ which failed miserably in identify and properly address the problems in company financial statements. Analyzing the first aspect listed above‚ seems that Satyam scandal originated‚ in
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The Saga of the Volsungs is the timeline of the Volsung family‚ a family that descends from the god Odin himself. Odin’s role in the text is that of an omniscient and powerful overseer‚ Odin is heavily involved in the character’s affairs. His decisions often affect the outcome of important events in the epic‚ whenever he appears in the story‚ it is to interfere in the lives of mortals. He is also responsible for who holds power within the Volsung family‚ the most powerful in the family is almost
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is an ongoing struggle with the sioux nation and has been. This is because of poor insurance and no government help. In the nonfiction novel Saga of the Sioux the author Dwight Jon Zimmerman expresses how bad the sioux tribes have it in the conflicts that arise‚ the theme and it’s all through the author’s point of view. In the nonfictional novel‚ the Saga of the Sioux there are two major conflicts are involved; Man vs Nature and Man vs society. “ During the bad winter or the blizzard many of the
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The Saga of the Volsungs: The Norse Epic of Sigurd the Dragon Slayer In his translation of The Saga of the Volsungs: the Norse Epic of Sigurd the Dragon Slayer‚ Jesse L. Byock compiles many versions of this famous Norse epic and creates a very important scholarly work. Of special importance is the introduction‚ which provides a central working background to base readings upon. There are several themes echoed throughout the translation that reflect accurately on this portion of history. Byock
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AMUL “A FORGOTTEN SAGA”. “AMUL” is a common name in every Indian household. Amul is the most loved and used name on the Indian breakfast table. The mention of “AMUL” instantly draws attention towards two things – “the yummy Amul butter” India’s favorite and Amul products mascot “Amul baby” [a chubby butter girl with ponytail and polka dots dress]. But the history‚ the background‚ the growth is the story of India’s white revolution; finally given the name “AMUL” is known to very less. The success
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Issues December 16‚ 2008: Satyam board approved a 51% stake acquisition of Maytas Infra‚ a listed company in the Bombay Stock Exchange for US$1.3 billion and 100% stake in unlisted firm Maytas Properties for US$300 million. Both of these firms were in the construction and real estate business and Satyam’s chairman‚ Ramalinga Raju family held a 36% stake in Mayta’s Infra and 35% stake in Maytas Properties. Implication: The deal was seen as a way of diverting cash from Satyam’s shareholder to Satyam’s
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Pride is portrayed constantly throughout Hrafnkel’s Saga ranging from the leaders to individual community members. The main source of pride can be seen through the main character Hrafnkel. He acts prideful throughout the majority of saga until his “pitfall” where the dangers of pride are seen. Pride overcame the characters and negative consequences came about. The warning that could be seen throughout is that when one become too hubris‚ there can be dangers that occur to one’s self and community
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popular game in Facebook or smartphones right now‚ what would u say? For me‚ I would like to say “Candy Crush Saga”. Candy Crush Saga is a game that was released on April 12‚ 2012 for Facebook‚ and then released on November 14‚ 2012 for smartphones. As today‚ Candy Crush Saga also released on October 17‚ 2013 for Kindle Fire. It was developed by King.com. As of March 2013‚ Candy Crush Saga surpassed FarmVille 2 as the most popular game on Facebook. According to abclocal.go.com‚ there had more than
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Women in the Laxdaela Saga Men and women interact and make the world go around every single day. The idea of one gender being more important is very difficult to judge because men and women contribute equally and in different ways. The Laxdaela Saga is no exception to the interaction of men and women; much of the story depends upon these relationships. Although in medieval times women did not play a large role in society‚ they are very important in the Laxdaela Saga. Without the various gender
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