Abstract:This paper examines the largest corporate fraud in India at Satyam Computer Services Ltd. This fiasco occurred in January 2009 when Mr. Ramalinga Raju, the Chairman, confessed to an extensive accounting fraud that was ongoing for at least seven years. Since then, a large number of articles have been written on this subject. Most of this research has blamed the board of directors and independent auditors of Satyam for this fraud. While this paper does not defend or blame the auditors as their role is being inve… Show more
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