• The Journal of Economics, Marketing and Management
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• v.4 no.3
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• pp.12-24
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• 2016

Fraudulent financial reporting practices can have significant consequences for organizations and all stakeholders, as well as, for public confidence in the capital and security markets. In fact, comprehensive, accurate and reliable financial reporting is the bedrock upon which our markets are based. Keen to project a rosy picture of the Satyam to investors, employees and analysts, Mr. Raju (CEO and Chairman) fudged the account books so that it appeared to be a far bigger enterprise, with high profits and fast growth rate, than it actually was. The Satyam fraud has shattered the dreams of different categories of investors, shocked the government and regulators alike, and led to questioning of the accounting practices of statutory auditors and corporate governance norms in India. This is an exploratory study based on secondary sources of information. An attempt has been made to provide an explanation for various intriguing questions about Satyam scam. After thorough investigations by the CBI and SEBI, they have unveiled the methodology by which Satyam fraud was engineered. Finally, we recommend "Fraudulent reporting practices should be considered as a serious crime, and accounting bodies, courts and other regulatory authorities in India need to adopt very strict punitive measures to stop such unethical practices."

• Microbiology and Biotechnology Letters
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• v.19 no.2
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• pp.109-115
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• 1991

Twenty-five fungal strains producing an extracellular soybean milk clotting enzyme were isolated from 146 soil samples, and identified as 11 species belonging to six genera of Aspergillus oryzae (5 strains), Aspergillus flavus (2 strains), Aspergillus parasiticus (1 strain), Aspergillus tamarii (2 strains), Aspergillus niger (4 strains), Aspergillus fumigatus (2 strains), Mucor hiemalis (2 strains), Wallemia sebi (4 strains), Scopulariopsis condida (1 strain), Fusarium redolens(1 strain) and Verticillum lecanii (1 strain). Among them, Aspergillus oryzae 020 and Aspergillus tamarii 287 showed relatively high soybean milk clotting activity. The coagulabilities of the enzyme from representative strains of those species decreased as the pH of soybean milk increased from 6.0 to 7.0 The optimum temperature for soybean milk clotting enzymes of those strains were 65$^{\circ}C$.

• Proceedings of the KSRS Conference
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• 2005.10a
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• pp.415-417
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• 2005

In order to retrieve the latent and sensible heat fluxes, high-resolution airborne imageries with visible, near infrared, and thermal infrared bands and ground-base meteorology measurements are utilized in this paper. The retrieval scheme is based on the balance of surface energy budget and momentum equations. There are three basic surface parameters including surface albedo $(\alpha)$, normalized difference vegetation index (NOVI) and surface kinetic temperature (TO). Lowtran 7 code is used to correct the atmosphere effect. The imageries were taken on 28 April and 5 May 2003. From the scattering plot of data set, we observed the extreme dry and wet pixels to derive the fitting of dry and wet controlled lines, respectively. Then the sensible heat and latent heat fluxes are derived from through a partitioning factor A. The retrieved latent and sensible heat fluxes are compared with in situ measurements, including eddy correlation and porometer measurements. It is shown that the retrieved fluxes from our scheme match with the measurements better than those derived from the S-SEBI model.