期刊名称：Universal Journal of Industrial and Business Management
印刷版ISSN：2332-3310
电子版ISSN：2332-3329
出版年度：2015
卷号：3
期号：2
页码：58-65
DOI：10.13189/ujibm.2015.030204
语种：English
出版社：Horizon Research Publishing
摘要：Corporate accounting fraud is not a new thing in this world after the debacle of Enron, which proved to be a stimulus for others to fancy their own Enron in their respective organizations. This started a series of events related to corporate financial crimes. With increasing trend in financial crimes across the globe, investors lost their confidence, the credibility of financial disclosures were being questioned and companies were facing huge financial losses. Satyam Computers Ltd was just another case featuring almost same causes like that of Enron and others including WorldCom. Satyam computers were once the crown jewel of Indian IT industry, but were brought to the ground by its founders in 2009 as a result of financial crime. The debacle of Satyam raised a debate about the role of CEO in driving an organization to the heights of success and its relation with the board members and core committees. The scam at Satyam brought to the light the role of corporate governance in shaping the protocols related to the working of audit committee and duties of board members. Thus, an in depth study is conducted to analyze the financial scam from a management's perspective.
