Accounting Fraud in Satyam Computer Company – True facts and story

Today, when, I was reading the news on Google News then, I suddenly, read the news of Satyam Accounting Fraud. I felt very sad to read this news. Because only for material money, Chartered Accountants like Gopalkrishan and Shri Nivas taluri are putting stigma to great Accounting Education. It is the duty of every Indian accountant to develop India with accounting education but what we are seeing that they are using accounting education for doing accounting Scams. In this accounting Scams two facts came in existence:-
1. -->>* B. Ramlinga Raju accepted that he showed 13000 excess numbers of employees over actual numbers of employees in Satyam Computers and he was getting 20 Crores Rupees every month with this ghost employee’s accounting .
2. -->>* Finance Officer of Satyam Computer Company Shri Nivas has done 7800 Crores of Rs. Accounting Scam.

Still enquires and investigation is continue but this is also bad for Indian Economy because, Sensex of Satyam Computer’s Shares had fallen down 78% after reaching this Scam news in Indian Share market .

At this time , it is more need to change our accounting education system . Because , after getting accounting education , they learn also track of committing fraud . So , it is duty of our all Accounting Educationist to educate all moral accounting ethics . We will not want to see One more Satyam Accounting Scam .


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Accounting Education: Accounting Fraud in Satyam Computer Company – True facts and story
Accounting Fraud in Satyam Computer Company – True facts and story
Accounting Education
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