Corporate Governance Failure and Creative Accounting: A Case Study of the Satyam Computer Services Scandal
Ria Jain (ijssrrjournal@gmail.com)
The Satyam Computer Services scandal is a landmark case of fraudulent corporate activity, which has demonstrated serious gaps in corporate governance, accountability, and financial reporting systems in India. The comparison of Enron, WorldCom and Satyam reveals that corporate accounting fraud is an increasing menace in terms of frequency and magnitude. As empirical evidence has revealed, the sheer level of increase in such frauds has undermined the quality of financial reporting, caused massive