scholarly journals Fraudulent Reporting Perpetuated by CEO’s Team: Unveiling the Sayam ‘Modus Operandi’

2016 ◽  
Vol 1 (2) ◽  
pp. 46
Author(s):  
Madan Lal Bhasin
Keyword(s):  
Financial Reporting ◽  
Public Confidence ◽  
Sources Of Information ◽  
Team Members ◽  
Reporting Practices ◽  
Secondary Sources ◽  
Security Markets ◽  
Computer Services ◽  
The Government ◽  
Fraudulent Reporting

Fraudulent reporting practices can have very 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 Computer Services Limited to investors, employees and analysts, Mr. Raju (CEO & Chairman) and his team members ‘fudged’ the account books for 5 years 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 and qualitative study based on secondary sources of information. An attempt has been made here 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, law courts and other regulatory authorities in India need to adopt very strict punitive measures to stop such unethical practices.”

scholarly journals Corporate Financial Transgression and Effects of Changes in Regulatory System in India

2019 ◽  
Vol 8 (12) ◽  
pp. 1880-1884
Keyword(s):  
Financial Reporting ◽  
Regulatory System ◽  
Regulatory Framework ◽  
Sources Of Information ◽  
Reporting Practices ◽  
Secondary Sources ◽  
Corporate World ◽  
Regulatory Bodies ◽  
Developed Nations ◽  
Made In

Financial Transgression is a problem which has surrounded the Corporate World. Violation of regulatory provisions and gaps in financial reporting practices have led to occurrence of frauds. Developing as well as Developed Nations, both are victims of this problem. This paper is an attempt to find the various reasons of financial transgression in India and evaluation of subsequent changes made thereafter by regulatory bodies in the statutes so that no such cases occur in future. Secondary sources of information were used to cover the cases of financial transgression in India for the period 1991 i.e. beginning of LPG regime till 2018 for the purpose of the paper which leads to changes in regulatory framework and reporting practices. The timeline of the cases in India is strategically hinting towards the weak regulatory system of India along with late changes made in the relevant regulatory framework. Whenever a new case of financial transgression has been reported, it reflected the loopholes in the system. So it is high time for India to learn a hard lesson for the growth of the economy

scholarly journals Nurses Perception Of Their Workload And Pay In The Era Of HIV/AIDS In Gaborone And The Surrounding Areas Of Botswana

2012 ◽  
Vol 2 (1) ◽  
pp. 188 ◽  
Author(s):  
Keratilwe Bodilenyane ◽  
Baakile Motshegwa
Keyword(s):  
Health Care ◽  
Health Care Sector ◽  
Public Health Care ◽  
Sources Of Information ◽  
Design Strategies ◽  
The Public ◽  
Secondary Sources ◽  
The Government ◽  
Surrounding Areas ◽  
Hiv Aids

AbstractThe purpose of this research paper was to explore how HIV/AIDS manipulate nurses’ perception of their workload and pay in the era of HIV/AIDS in Gaborone and the surrounding areas of Botswana. The health care sector in Botswana is overwhelmed by HIV/AIDS, and this takes a toll on the nurses because they are the ones at the forefront in the fight against this demanding and risky illness at the workplace. The focus in this study was on the workload and pay in the era of HIV/AIDS. The general picture that emerges from the current study is that nurses are dissatisfied with their pay and to some extent the workload and this supports some of the earlier studies which reinforce their importance in the workplace. The study used both primary and secondary sources of information. For the purpose of this study convenience sampling was used. A questionnaire was used for data collection. The study adapted Index of Organizational Reactions (IOR). The findings of the current study will help the government to design strategies that will increase the level of job satisfaction among the nurses in the public health care sector of Botswana.

scholarly journals Peran komunikasi publik dalam menanggapi gelombang disinformasi Covid-19

2021 ◽  
Vol 6 (2) ◽  
pp. 165-175
Author(s):  
Dody Setyawan ◽  
Dekki Umamur Ra'is ◽  
Abd. Rohman
Keyword(s):  
Public Information ◽  
Public Confidence ◽  
Sources Of Information ◽  
Policy Makers ◽  
The Public ◽  
Communication Campaign ◽  
Global Pandemic ◽  
Information And Communication ◽  
The Government ◽  
Object Of Study

Disinformation has reduced public confidence in the government and scientists in handling Covid-19. These conditions hamper the overall handling of the Covid-19 pandemic. In the context of responding to a global pandemic, disinformation greatly affects the country's response to a global pandemic by undermining trust, creating fear, and sometimes leading to harmful behavior. It is important for policy makers to understand disinformation and how to respond to it. This study uses a literature review approach with data sources coming from several documents that have been verified and have a relationship with the object of study. The stages of the study start from choosing a review topic, finding and selecting appropriate articles, analyzing and synthesizing the literature, and finally presenting a review of the study. the results show that the government should have official information channels with verified, transparent, sustainable and fast sources of information. The government must also provide clear and definite information through official channels and trusted media. The government must also ensure the consistency of information. In addition, the government must maintain a transparent pattern of communication about the situation, actions and risks it takes. The aim is to restore public trust in public institutions, in information that has been conveyed by the government to the public as well as guidelines that have been provided by the government to the public, such as health protocol guidelines and the last is "Pre-bunk", or be aware of the potential for disinformation before occurred, as part of a public information and communication campaign. 

scholarly journals RECENT TRENDS IN THE DEBATE ON INDIA’S NATIONAL FOOD SECURITY ACT (NFSA) – 2013: TRAGEDY OR TRIUMPH?

2018 ◽  
Vol 11 (2) ◽  
pp. 108-124 ◽  
Author(s):  
Adnan Shakeel
Keyword(s):  
Food Security ◽  
Present Article ◽  
Distribution System ◽  
Sources Of Information ◽  
Secondary Sources ◽  
Public Distribution System ◽  
Heavy Burden ◽  
The Government ◽  
The Cost ◽  
National Food Security

Present article follow up the recent debates that is being discussed in the country with respect to the National Food Security Act – 2013. Present article is based on the secondary sources of information collected through various books, magazines, journals, newspapers, government and non-governmental reports. The purpose of the article is to trace the discussion among various economist, planners, researchers and policy makers in order to analyse whether National food Security Act is a triumph for those who are in desperate need of it (poor and destitute), or a tragedy for those officials speaking against the Act. The main emphasis of the article is to discuss the cost of implementation of NFSA because it was believed that after its implementation it will put heavy burden on the government exchequer due to subsidies provided under it.  Article also examines the challenges related to Food Corporation of India with respect to procurement, storage and distribution of foodgrains. Moreover, article also discusses the NFSA with respect to the Integrated Child Development Scheme, its affect on small and marginal farmers of the country, challenges related to public distribution system.

The Development of Modern Financial Reporting Practices among American Manufacturing Corporations

1963 ◽  
Vol 37 (3) ◽  
pp. 135-168 ◽  
Author(s):  
David F. Hawkins
Keyword(s):  
Nineteenth Century ◽  
Financial Reporting ◽  
Business Community ◽  
Financial Disclosure ◽  
Accounting Profession ◽  
The Public ◽  
Reporting Practices ◽  
The Government

From nineteenth-century traditions of corporate secrecy, American manufacturers have moved slowly toward more public and credible financial disclosure practices. Professor Hawkins examines the variety of pressures from the business community, the accounting profession, the government, and the public which has impelled this movement and governed its direction and tempo.

scholarly journals Role of Heritage Activism in Post-Disaster Reconstruction

2021 ◽  
Vol 16 (2) ◽  
pp. 194-200
Author(s):  
Sanjaya Uprety ◽  
◽  
Barsha Shrestha
Keyword(s):  
Cultural History ◽  
Event Analysis ◽  
Sources Of Information ◽  
Conservation Policies ◽  
Heritage Sites ◽  
Secondary Sources ◽  
State Actors ◽  
The Government ◽  
Post Disaster

In Nepal, heritage conservation is inherently political, as can be observed from the several heritage activisms in the various forms of protests, demonstrations, and criticisms of post-disaster reconstruction efforts of heritage structures of Kathmandu, which were heavily damaged by the Gorkha Earthquake of 2015. The politicization of heritage reconstruction is conspicuous in the government’s approach to defining heritage objects and places for conservation, the methods by which it interprets the relics of the past, and the cultural history and the opposition it receives from local communities and civil society. This has led to the emergence of heritage activism to protect cultural heritage from the threat of loss. This paper aims at highlighting heritage activism and its role in the post-disaster context by discussing the politicization of the conservation agenda by the government (state actors) and activists (stakeholders). Specifically, it focuses the role of heritage activism using secondary sources of information to assess the heritage value, its significance, and the “event analysis method” to analyze the events of the protest against the government’s reconstruction plan of Ranipokhari (Queen’s Pond), located in the heart of the city of Kathmandu. The paper discusses the contributory factors for the emergence of heritage activism and its potential role in sensitizing state actors and stakeholders about the conservation agenda to safeguard conservation prerequisites. It concludes that heritage activism can serve as an important means of indirect public participation to influence the post-disaster conservation policies of heritage sites in developing countries like Nepal.

The Ombudsman Act 1980: redressing administrative grievances in Bangladesh

2018 ◽  
Vol 60 (1) ◽  
pp. 172-184
Author(s):  
Sheikh Mohammad Towhidul Karim
Keyword(s):  
Human Rights ◽  
Public Administration ◽  
Good Governance ◽  
Public Confidence ◽  
Operational Effectiveness ◽  
Content Type ◽  
The Public ◽  
Government Organizations ◽  
Secondary Sources ◽  
The Government

Purpose It is recognized worldwide that an ombudsman system makes the public administration more transparent and accountable to the public. This paper aims to examine the provisions of the Ombudsman Act 1980, as well as the position, role and necessity of the Office of the Ombudsman in Bangladesh. It also evaluates how the ombudsman institution can act as a gateway for citizens of Bangladesh to resolve complaints against the maladministration of public administration in the country. Design/methodology/approach The study is basically qualitative in nature where both primary and secondary sources have been used. As well, a combination of analytical methods and current legislative methods, together with future legislative techniques, was used in the study. Findings This study finds that the ombudsman is a vital institution for Bangladesh to eliminate maladministration, nepotism and abuse of human rights, as well as abuse of the power of the public administration. Going forward, Bangladesh needs to amend the existing Ombudsman Act 1980 and then take proper steps to firmly establish the Ombudsman Office to ensure and increase public confidence, operational effectiveness and good governance and human rights throughout the country. Research limitations/implications The main implication of this study is that it will play an important role for the development of the rule of law and human rights in Bangladesh. This study will make its readers and particularly the citizens of Bangladesh aware of the importance of the “Office of the Ombudsman” in Bangladesh and the existing loopholes in the current Ombudsman Act 1980. This research also provides a new avenue for scholars to contribute their knowledge and wisdom toward nation-building by further researching the Office of the Ombudsman in Bangladesh. In this way, scholars in this field can share their experiences of the role of the ombudsman to a wider audience. Practical implications The study will facilitate policymakers and the government to enact an effective new law or to amend the existing law relating to the ombudsman. Originality/value The paper sets out the proposed amendment to the Ombudsman Act 1980. Hence, it will be of interest to policymakers, government, organizations of civil society and those developing countries that have not taken steps toward forming an ombudsman institution.

scholarly journals Assessing Financial Reporting Practices of Small Retailers: A Malaysian Evidence

2019 ◽  
pp. 140-149
Author(s):  
Kamaruzzaman Muhammad ◽  
Erlane K. Ghani
Keyword(s):  
Performance Evaluation ◽  
Financial Reporting ◽  
Training Programs ◽  
Financial Statements ◽  
Tax Revenue ◽  
Financial Reports ◽  
Reporting Practices ◽  
Inland Revenue ◽  
The Government ◽  
And Training

The growth of small retailers in Malaysia has increased substantially over the years. Such growth can contribute to a significant portion of the government’s income via tax revenue that can reduce if they do not practice financial reporting. This study examines the financial reporting practices of the small retailers in Malaysia. Specifically, this study examines whether the small retailers prepare financial statements, whether they keep accounting records and their motivation for doing so and the reasons for not keeping accounting records. Using a questionnaire survey on 150 small retailers, this study shows that the financial reporting practices among the small retailers are satisfactory. This study shows that the important motivations for them to practice financial reporting are performance evaluation and income distribution. In addition, time consuming and difficulty in maintaining system are the two main reasons for their failure in preparing financial reports. However, this study shows that sales generated by the small retailers are an important predictor to them practicing financial reporting. This study suggests the provision of financial reporting awareness and training programs to the small retailers so that they can appreciate the importance of financial reporting, and inculcate such practice in their business. The findings in this study can assist the interested parties particularly the Inland Revenue Board in understanding the challenges faced by the small retailers in practicing accountability to the government.

scholarly journals Water Logging in South-Western Coastal Region of Bangladesh: Causes and Consequences and People’s Response

2020 ◽  
pp. 9-28
Author(s):  
M. A. Awal ◽  
A. F. M. Tariqul Islam
Keyword(s):  
Crop Production ◽  
Skin Diseases ◽  
Coastal Region ◽  
Management Plan ◽  
Plant Ecology ◽  
Tidal River ◽  
Sources Of Information ◽  
Secondary Sources ◽  
Water Logging ◽  
The Government

Aim: Since decades, a major part of south-western coastal region of Bangladesh is being affected by water logging – a problem related to climate change along with some manmade activities. Therefore, the study was conducted to assess the causes and consequences of this problem and highlights the responses of affected people to attract policy planners’ intention for taking proper intervention. Place and Duration of Study: The study was conducted in the Laboratory of Plant Ecology, Department of Crop Botany, Bangladesh Agricultural University, Mymensingh, Bangladesh. Methodology: Qualitative and quantitative techniques have been applied to collect and analyze both the primary and secondary sources of data from various waterlogged areas of south west Bangladesh. Results: There is no single or a few factors are responsible for creating water-logging problem rather it is a combination of several factors and their cumulative effects over time. It is revealed from the analysis of primary and secondary sources of information that death of Mathavanga River in the 20th century, execution of Coastal Embankment Project since 1960’s, withdrawing water flow to the Padma River through operating the Farakka barrage after independent of Bangladesh, improper management of rivers, faulty land-use by influential people in the areas, monsoon downpour etc are major causes of the problem. The silted up river systems in area could not drain monsoon rain that occurred even for a couple of days. The consequences brought to inundate hundred thousand hectares of cultivable land unsuitable for crop production. More than one million people are directly affected in the areas and the number is gradually increasing over the years. Water stagnancy around the settlement areas remains 6 to 9 months in a year and many places became permanently waterlogged. The affected people have no other way out but to live with water. The congested water is polluted with salinity, chemical effluents with heavy metals, household debris’s and related other pollutants. Source of safe drinking water is destroyed. Therefore incidences of waterborne and skin diseases are increased. People are living with greatest inhumanity as food, shelter, sanitation, communications, educations and other prime needs are tremendously challenged. Many people lost their occupations and became destitute, some altered their livelihood to much lower grades, and many of them are forced to migrate to city areas. The marooned people demanded to the authority to declare their places as an affected area and sought the government intervention to bring an end to the crisis through operating the Tidal River Management plan and excavating or re-excavating of associated rivers, channels and rivulets. Conclusion: The authority need to pay keen attention to the issue and should take proper initiative to mitigate the water-logging problem permanently to save people living in the south western coastal region of Bangladesh.

scholarly journals Local finance transparency in Ukraine

2020 ◽  
Vol 8 (1) ◽  
pp. 73-82 ◽  
Author(s):  
Inna Shkolnyk ◽  
Tetyana Melnyk ◽  
Yuliia Havrysh ◽  
Andrii Ivanchenko
Keyword(s):  
Financial Reporting ◽  
Community Involvement ◽  
Local Governments ◽  
Public Procurement ◽  
Public Confidence ◽  
Budget Process ◽  
Local Finance ◽  
The Government ◽  
Local Budget ◽  
High Level

Transparency in public and local finance is one of the most important factors in building a democratic society with high level of public confidence in the government. Democratic shifts in a country will only take place if citizens perceive the country’s government and local self-government as fully transparent and controlled by them. Citizens will be able to support and cooperate with the government if it informs them of all public activities: decision-making, financial reporting, planning, local budget expenditures, etc. Transparency in the formation and use of local financial resources is the most sensitive issue.Local finance transparency has been studied from the perspective of 21 online portals of local authorities from four Ukrainian regions, geographically remote in the context of two main blocks, namely, the state of public procurement and the budget process. The portals of Lviv, Vinnytsia, Sumy, Mykolaiv administrative centers and the city of Kyiv were identified in each region (oblast), and in each oblast, four cities with the district status, which are the largest by population, were identified. Significant discrepancies in local finance transparency have been identified, as portals of regional centers and a small number of districts have high levels of transparency. The vast majority have low transparency in local finances. In addition, the level of community involvement in the regional development problems through social networks was analyzed. The population of small cities was found to be more active. Most local governments should pay attention to the low level of portals in terms of making them user-friendly.

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