Corporate Accounting Scandal at Satyam Computer Services Limited: A Case Study of India’s Enron Ironically, Satyam means

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Corporate Accounting Scandal at Satyam Computer ServicesLimited: A Case Study of India’s Enron
Ironically, Satyam means “truth” in the ancient Indian language“Sanskrit”. Satyam won the “Golden Peacock Award” for the bestgoverned company in 2007 and in 2009. From being India’s
IT “crown jewel” and the country’s “fourth largest” company withhigh-profile customers, the outsourcing firm Satyam Computershas become embroiled in the nation’s biggest corporate scam inliving memory. Mr. Ramalinga Raju (Chairman and Founder of Satyam;henceforth called “Raju”), who has been arrested and hasconfessed to a $1.47 billion fraud, admitted that he had madeup profits for years. According to reports, Raju and his brother,B. Rama Raju, who was the Managing Director, “hid thedeception from the company’s board, senior managers, and auditors”.The case of Satyam’s accounting fraud has been dubbed as “India’sEnron”. In order to evaluate and understand the severity ofSatyam’s fraud, it is important to understand factors thatcontributed to the “unethical” decisions made by the company’sexecutives.
To read more about the case, refer to the below link:
https://www.scirp.org/html/2-2670015_30220.htm
In this research case study, you should complete thefollowing:
Definition of the term Fraud.
What are the consequences of Fraudulent Reporting?
Who Commits Frauds?