Satyam Scandal

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.