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Throughout the history there has been many instances of accounting frauds. Your task is to analyze this case and answer the question:



  1. In your own words, summarize this case.

  2. What is your understanding of Fraud in Accounting?

  3. What are the facts that lead to the Satyam scandal?

  4. In your view which parties are responsible for this? Defend your answer.

  5. How could a Fraud like this have been prevented?

  6. If you were the Chief Financial Officer of Satyam, what would you have done differently if you knew that the Fraud was going on? Keep in mind that if you chose to disclose the Fraud then the company most likely would have been bankrupt and you would have been out of a job.



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