Case analysis: 1. Discuss the circumstances under which Satyam’s fraud was exposed. What do you think were the underlying reasons for the fraud? 2. Examine the role of internal controls in the prevention of fraud. 3. Critically evaluate the corporate governance practices of Satyam. 4. Assess the responsibility of audit committees as well as internal and statutory auditors in relation to Satyam’s scandal. What lessons do you draw from this case? 5. Evaluate the statements made by the chairman in his resignation.
