What happened in Satyam and lessons for auditors
What happened in Satyam and lessons for auditors
What happened in Satyam and lessons for auditors
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>What</strong> do we know?• No reports but bits <strong>and</strong> pieces of <strong>in</strong>fo. From CBI <strong>and</strong> SFIO reports which were published• SFIO report submitted but not available:• 12,000 pages <strong>in</strong> 30 volumes• CBI report submitted but not available:• 1532 documents• Statements of 433 witnesses• Papers packed <strong>in</strong>: 25 trunks• Charge sheet length: 300 pages• Annexures: 65000 pages• Investigation team size: 16• Scam size: Rs 7,800 cr –could be Rs 10,000 Cr• Front cos. Used by Raju: 327• Restatement of accounts by KPMG (Deloitte got out) pend<strong>in</strong>g (given permission till Mar10)• Probe by ICAI is progress<strong>in</strong>g‐ <strong>in</strong>terim report submitted?• Probe by En<strong>for</strong>cement directorate pend<strong>in</strong>g• BOB NY <strong>in</strong>vestigation is pend<strong>in</strong>g• 32 violations of Co .law found• So <strong>in</strong><strong>for</strong>mation is <strong>in</strong>complete as of date <strong>and</strong> we do not still have the total picture
Change language