Comments on: Satyam Chairman to Board: There's, Heh-Heh, Something I've Been Meaning to Tell You… http://digitaldaily.allthingsd.com/20090107/satyam-chairman-to-board-theres-heheh-something-ive-been-meaning-to-tell-you/ by John Paczkowski Wed, 25 Nov 2009 05:19:57 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Satyam Chairman to Board: There’s, Heh-Heh, Something I’ve Been … http://digitaldaily.allthingsd.com/20090107/satyam-chairman-to-board-theres-heheh-something-ive-been-meaning-to-tell-you/comment-page-1/#comment-4372 Satyam Chairman to Board: There’s, Heh-Heh, Something I’ve Been … Thu, 15 Jan 2009 01:53:47 +0000 http://digitaldaily.allthingsd.com/?p=10854#comment-4372 [...] Rea­d­ m­ore h­ere: Sa­ty­a­m Cha­irma­n­ to­ Bo­a­rd­: There’s, Heh... [...] [...] Rea­d­ m­ore h­ere: Sa­ty­a­m Cha­irma­n­ to­ Bo­a­rd­: There’s, Heh… [...]

]]> By: Mrinal Desai http://digitaldaily.allthingsd.com/20090107/satyam-chairman-to-board-theres-heheh-something-ive-been-meaning-to-tell-you/comment-page-1/#comment-4226 Mrinal Desai Thu, 08 Jan 2009 19:22:13 +0000 http://digitaldaily.allthingsd.com/?p=10854#comment-4226 Do you know what Pricewaterhouse Coopers was doing? I should check on Twitter.... Do you know what Pricewaterhouse Coopers was doing? I should check on Twitter….

]]> By: shiv kedia http://digitaldaily.allthingsd.com/20090107/satyam-chairman-to-board-theres-heheh-something-ive-been-meaning-to-tell-you/comment-page-1/#comment-4214 shiv kedia Thu, 08 Jan 2009 06:11:03 +0000 http://digitaldaily.allthingsd.com/?p=10854#comment-4214 Raju ban gaya …. It gives me no joy to make fun of some one facing adversity. It is ironical indeed that the promoter of a company whose name truth has admitted of having committed massive fraud. The result oriented culture has rejected the Gandhian philosophy ENDS ARE EQUALLY IMPORTANT the attitude CHALTA HAI, any thing goes ,has made people brazen. Once a person has committed adultery , the bohemian life style of bed hopping comes naturally. What surprises is that a fraud of such magnitudes involving many persons at various levels remained hidden for so long. Further it is also a question mark on the standards of audit. I am sure that another Arthur Anderson may happen. Having made fun of sub prime crisis India inc has been presented with a equally audacious corporate scandal. I wonder if there are skeletons in every cupboard having a mahogany exterior. What if tomorrow Infosys or liver is accused of some thing similar? The need of the hour is that instead of lingering litigation of harshad Mehta variety the scam is investigated promptly & in an objective & transparent manner the guilty (ies) not scapegoats are identified & are handed with deterrent punishment & assets are unlocked & put to productive uses. I am sure the image of IT sector of India or India Inc. per say has taken a severe beating & lots of efforts will be required to repair the gaping hole in our credibility. I wonder what happened to the quality control policy & peer review mechanism of audit profession. I am sure a case of rotation of audit firms or a system of joint auditors will to some extant work as a check. Also we need to have a real internal audit & an effective audit committee so that the criminal minds do not find it easy to have a band of followers to share the crumbs. I am sure the soul of gandhiji will have many a sleep less nights Hey raam Satyam is neither shiv nor sundarRaju ban gaya …. I am sure the soul of gandhiji will have many a sleep less nights Hey raam Satyam is neither shiv nor sundar Raju ban gaya ….
It gives me no joy to make fun of some one facing adversity. It is ironical indeed that the promoter of a company whose name truth has admitted of having committed massive fraud. The result oriented culture has rejected the Gandhian philosophy ENDS ARE EQUALLY IMPORTANT the attitude CHALTA HAI, any thing goes ,has made people brazen.
Once a person has committed adultery , the bohemian life style of bed hopping comes naturally. What surprises is that a fraud of such magnitudes involving many persons at various levels remained hidden for so long. Further it is also a question mark on the standards of audit. I am sure that another Arthur Anderson may happen. Having made fun of sub prime crisis India inc has been presented with a equally audacious corporate scandal.
I wonder if there are skeletons in every cupboard having a mahogany exterior. What if tomorrow Infosys or liver is accused of some thing similar? The need of the hour is that instead of lingering litigation of harshad Mehta variety the scam is investigated promptly & in an objective & transparent manner the guilty (ies) not scapegoats are identified & are handed with deterrent punishment & assets are unlocked & put to productive uses.
I am sure the image of IT sector of India or India Inc. per say has taken a severe beating & lots of efforts will be required to repair the gaping hole in our credibility. I wonder what happened to the quality control policy & peer review mechanism of audit profession. I am sure a case of rotation of audit firms or a system of joint auditors will to some extant work as a check.
Also we need to have a real internal audit & an effective audit committee so that the criminal minds do not find it easy to have a band of followers to share the crumbs.
I am sure the soul of gandhiji will have many a sleep less nights
Hey raam
Satyam is neither shiv nor sundarRaju ban gaya ….

I am sure the soul of gandhiji will have many a sleep less nights
Hey raam
Satyam is neither shiv nor sundar

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