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Satyam Failure and Changes in Indian Audit Committees

R. Narayanaswamy, K. Raghunandan and Dasaratha V. Rama
2014
Working Paper No
471
Body

Audit committees have received considerable attention globally in recent years. We examine the effects of the Satyam failure on changes in the composition and functioning of Indian audit committees. A corporate collapse that shook India's markets and regulators, and widely noted of as "India's Enron", should have led to major improvements in the functioning of audit committees of Indian companies. Our empirical results show that the Satyam failure had a limited effect on Indian audit committees.

Key words
audit committee; Satyam; India; corporate governance
WP_No._471.pdf (120.58 KB)

Satyam Failure and Changes in Indian Audit Committees

Author(s) Name: R. Narayanaswamy, K. Raghunandan and Dasaratha V. Rama, 2014
Working Paper No : 471
Abstract:

Audit committees have received considerable attention globally in recent years. We examine the effects of the Satyam failure on changes in the composition and functioning of Indian audit committees. A corporate collapse that shook India's markets and regulators, and widely noted of as "India's Enron", should have led to major improvements in the functioning of audit committees of Indian companies. Our empirical results show that the Satyam failure had a limited effect on Indian audit committees.

Keywords: audit committee; Satyam; India; corporate governance
WP_No._471.pdf (120.58 KB)