http://disqus.com/by/anilagashe/enFri, 09 Jan 2009 08:16:20 -0000http://www.suchetadalal.com/?id=c38e8fff-6b1a-eb9b-495b1c23ddaa&base=sections&f&t=COVER+STORY+%28MoneyLIFE+Issue%2C+15th+Jan+09%29#comment-5010394<p>I think in view of what has happened at Satyam, it is probably necessary to check the accounts of the listed IT companies especially the ones in SME sector. It should be done as a precaution. Smaller companies who have shown high quarter on quarter groth in revenues and profits must be looked at. Also companies who have granted ESOPs to top managers must be looked into immediately. As in the case of Enron Stock options could be the cause for manipulation of accounts. Who are the internal auditors of Satyam? They too need to be investgated.Promoters must disclose their borrowings against their shares and the end use of those funds. SEBi is now saying that this should be done, but is it too late? Promoters whose children are running businesses, they should be closely looked at. we have seen their blind love for their childern( I call this Dhrutarashtraism) has ruined many businesses.</p>anilagasheFri, 09 Jan 2009 08:16:20 -0000