Problem:
Case Study: Governance Failure At Satyam, IVEY W11095.
Answer the following questions
1. Discuss the circumstances under which Satyam's fraud was exposed? What do you think were the reasons for the fraud? Could this fraud have been prevented?
2. Examine the role of internal controls in the prevention of fraud.
3. Critically evaluate the corporate governance mechanisms adopted by Satyam.
4. Assess the responsibility of audit committees as well as internal and statutory auditors in relation to Satyam's scandal. What are the lessons learned from this case?
5. Evaluate the statements made by the chairman in his resignation.
6. What characteristics of the board of directors play a role in preventing financial statement fraud?
7. Do you think that making regulatory changes would help in preventing such fraud?
Additional Information:
This question is basically belongs to Finance a well as it explain about Ivey case study Governance Failure at Satyam.