Satyam Failure and Changes in Indian Audit Committees
20 Pages Posted: 8 Nov 2014
Date Written: November 7, 2014
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
Suggested Citation: Suggested Citation
Narayanaswamy, Ramaswami and Raghunandan, Kannan and Rama, Dasaratha, Satyam Failure and Changes in Indian Audit Committees (November 7, 2014). IIM Bangalore Research Paper No. 471, Available at SSRN: https://ssrn.com/abstract=2520414 or http://dx.doi.org/10.2139/ssrn.2520414
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