Assignment:
In 8 Pages discuss the Satyam Scandal, a fraud that is often called India's Enron. This paper should:
Give an overview of the case in 2 pages
- Explain when and how the fraud was exposed
- The category of fraud committed
- The stakeholders and how each group was harmed
- What evidence sources were available for use at trail
- What hidden assets were involved
- Where did investigators and forensic accountants find the evidence
- Additionally, a conclusion assessment of how internal accountants could prevent this type of fraud within the industry.
Please utilizes the following sources and more (7 scholarly resources minimum):
Kranacher, M., & Riley, R. (2020). Forensic accounting and fraud examination, 2nd ed. John Wiley & Sons: Massachusetts, USA - Chapters 8 & 9
Carmichael, D.R. (2018). Audit Versus Fraud Examination: Whats the Real Difference? The CPA Journal, 2, 48
Lal Bhasin, M. (2017). Creative Accounting Practices at Satyam: The Fraud Methodology Revealed. Amity Business Review, 18(1), 127.
PwC hit by 2-year India audit ban? Firm failed to spot $1.7bn fraud at Satyam? Regulator highlights "glaring anomalies." (2018). The Financial Times.