CASE STUDY: MARCH 2012 SEMESTER I. Analyze the case and respond to the following questions: a) Discuss the earnings management techniques employed by the management of Satyam. Earning management or creative accounting is referred to the manipulation or misrepresentation of the company’s financial earnings in order to achieve stable and positive financial position. This was achieve through directly or indirectly use of the accounting methods. Even though the manipulation may follow all
Premium Fraud Revenue Finance
political harassment of the highest order‚ " Bunye said‚ "We have nothing to hide but we will not stoop down to the level of media grandstanding." Below is the joint committee’s findings on the alleged involvement of Arroyo in the fertilizer fund scam: The Committees recommend that President Gloria Macapagal-Arroyo must be held accountable in the mismanagement of the fertilizer fund and take it upon herself to institute measures to correct the flaws in her administration. It bears knowing that
Free Philippines Joseph Estrada Political corruption
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
Premium Mahindra Group Mahindra Satyam
| Walmart logo‚ used since June 30‚ 2008 | Type | Public | Traded as | NYSE: WMT Dow Jones Industrial Average Component S&P 500 Component | Industry | Retailing | Founded | 1962 | Founder(s) | Sam Walton | Headquarters | Bentonville‚ Arkansas‚ U.S. 36°21′51″N 094°12′59″W | Number of locations | 8‚970 (2011) | Area served | Worldwide | Key people | S. Robson Walton‚ Chairman Mike Duke‚ President/CEO | Products | Apparel/footwear specialty‚ cash & carry/warehouse
Premium Wal-Mart Sam Walton S. Robson Walton
Emmanuel Nwufo Prof. Frazier MW 8 – 9:45 March 21 2012 Should pornography be restricted by law? Pornography should not be restricted because doing it will violate the first Amendment where people have the (right to press) the right to produce what they want and people to view what they want. Pornography should not be restricted because people have the (right to expression) the right to express how they feel. And it shouldn’t be restricted as long as it shows adult only by regulating it in a
Premium Pornography
Topic : Internet Scam Thesis Statement : Why many students victimized in Internet Scam? The aim of this chapter Chapter 1 : I.Introduction The aim of this chapter is to give an overview of Internet fraud in general. The Internet fraud definition‚ types and examples will be discussed. The chapter identifies some web applications that are suffering from Internet fraud as well as some statistics for Internet fraud impact. It also presents some existing techniques and strategies to detect and prevent
Premium Fraud Confidence trick
What is Coalgate scam? Coalgate is a name given to the scam in India where the CAG has reported allocation of coal blocks in the country to business companies without recommendation of the appropriate agencies by the congress led UPA government for mining coal as energy resource for investments & profits. Dr. Manmohan Singh is the Prime Minister since May 2004 and was personally in-charge of the Coal Ministry from November 2006 to May 2009. The average allotment of coal blocks was 3-4 per year
Premium Manmohan Singh United Progressive Alliance Coal
10 years of financial scams It terms of reform and development‚ the Indian capital market and financial sector have been the fastest to grab every opportunity presented by the paradigm shift in India’s economic policy. Their furious developmental activities have put the two top Indian bourses almost on par with the best in the world‚ in terms of their structure‚ systems and regulation. But for all the development efforts‚ the capital market remains seriously flawed because three key ingredients
Premium Stock market Hedge fund Mutual fund
COFFIN SCAM After the armed conflict that took place in 1999 between India and Pakistan in the Kargil sector of India‚ the Comptroller and Auditor General of India (CAG) found abnormalities in the purchase of Coffins for the Martyrs of the Kargil War. The nature of the irregularities committed in clearing certain defense deals mentioned in the CAG’s report showed large irregularities were committed in the purchase of coffins by the Army during the Kargil operation. The caskets that were bought
Free United States India
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
Premium Board of directors Corporate governance Audit