Madan Bhasin

Madan Bhasin
Universiti Utara Malaysia | UUM · School of Accountancy (SOA)

Ph. D. M.Com. B.Com. Hons

About

121
Publications
536,046
Reads
How we measure 'reads'
A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. Learn more
1,789
Citations
Citations since 2016
58 Research Items
1611 Citations
20162017201820192020202120220200400600
20162017201820192020202120220200400600
20162017201820192020202120220200400600
20162017201820192020202120220200400600
Additional affiliations
August 2011 - January 2014
KIMEP University
Position
  • Professor in Accounting
August 2011 - January 2014
KIMEP University
Position
  • Professor in Accounting
August 2011 - January 2014
KIMEP University
Position
  • Professor
Education
July 1973 - July 1975
Delhi School of Economics, Delhi University
Field of study
  • Commerce

Publications

Publications (121)
Article
Full-text available
A well-organized and efficient banking system is an essential pre-requisite for the economic growth of every country. Galloping levels of Non-performing assets (NPAs) is one of the biggest problems faced by the Indian banking industry. The “stressed balance-sheet and bad-loan accounts” that have been hidden till now, would keep the NPA levels risin...
Article
Full-text available
The landscape of corporate reporting is changing quickly. The concepts, elements and principles that characterize the way organizations plan, manage and report their annual performances are currently being questioned, debated, and redesigned throughout the world. However, widening the scope of corporate performance and reporting is a major issue. I...
Article
Full-text available
A well-organized and efficient banking system is an essential prerequisite for the economic growth of every country. Rising levels of Non-performing assets (NPAs) is one of the biggest challenges faced bythe Indian banking industry. The stressed balance-sheet and bad-loanaccounts that have been hidden till now, would keep the NPA levels rising spre...
Article
Full-text available
This paper explains the concept of Economic Value Added (EVA) that is gaining popularity in India. We also examine whether EVA is a superior performance measure, both for corporate disclosure and for internal governance. Of late, companies in India have started focusing on shareholders wealth creation by adopting value-based models for measuring sh...
Article
Banks are the engines that drive the operations in financial sector, money markets and growth of economy. With growing banking industry in India, frauds in Banks are increasing and fraudsters are becoming more sophisticated and ingenious. Shockingly, banking industry in India dubs rising fraud as “an inevitable cost of doing business.” As part of s...
Article
Full-text available
Corporate reporting should keep pace with the developing economic reality and address the needs of a wide stakeholder audience by providing financial and non-financial information having short and long-term focus. A new approach to corporate reporting called “Integrated Reporting” ( ) has been suggested by International Integrated Reporting Council...
Article
Full-text available
Manipulative accounting practices are perennial and such practices have occurred in all eras, in all countries and affected millions of corporations. Unfortunately, there are few loopholes in accounting and auditing standards, which provide leeway and thus motivate accounting professionals to use aggressively manipulation practices. In fact, manipu...
Article
Full-text available
Knowledge " being the new engine of corporate development has become one of the great clichés of recent years. Knowledge, innovation, information-technology, and people are the key contributories in the future of any organization, and IC is the driver of market value in the knowledge economy. Intangibles and how they contribute to value creation ha...
Article
Full-text available
Accounting scandals during the last three decades have induced a crisis of confidence in financial reporting practices and effectiveness of corporate governance (CG) mechanisms. Indeed, Forensic Accounting (FA) integrates accounting, auditing and investigative skills to conduct investigations in variety of fraud cases. An increasing number of resea...
Article
Full-text available
In the 21 st century, economic growth will be driven by people leveraging their know‐how, innovation and reputation, surpassing the contributory role of capital, land and equipment. In today's knowledge-based economies, Intellectual Capital (IC), in addition to financial and physical capital, plays a significant role in the value creation process o...
Article
Full-text available
Accounting manipulations (AM) in corporate " financial reports " are perennial; they had occurred in all eras, in all countries and affected millions of corporations. Unfortunately, there are some " loopholes " in accounting and auditing standards, which provide ample leeway to corporate managers " and thus, motivate accounting professionals to mak...
Article
Full-text available
Knowledge' being the new engine of corporate development has become one of the great clichés of recent years. Knowledge, innovation, information-technology, and people are the key contributories in the future of any organization, and IC is the driver of market value in the knowledge economy. Intangibles and how they contribute to value creation hav...
Article
Full-text available
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 Compute...
Article
Full-text available
In today’s knowledge-based economy, measurement and disclosure (M&D) of intellectual capital (IC) are crucial for enhancing business performance and competitiveness. In the global world, M&D of IC are useful means to keep investors well-informed and reduce information asymmetry. At present, very few leading corporations in India have disclosed IC i...
Article
Full-text available
The right of privacy is well established in international law. In fact, consumer privacy has attracted the widespread attention of regulators across the globe. Of course, privacy laws vary throughout the globe but, unfortunately, it has turned out to be the subject of legal contention between the European Union (EU) and the United States (US). Prot...
Article
Full-text available
The right of privacy is well established in international law. In fact, consumer privacy has attracted the widespread attention of regulators across the globe. Of course, privacy laws vary throughout the globe but, unfortunately, it has turned out to be the subject of legal contention between the European Union (EU) and the United States (US). Prot...
Article
Full-text available
Fraudulent 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,...
Article
Full-text available
In today’s knowledge-based economy, measurement and disclosure (M&D) of intellectual capital (IC) are crucial for enhancing business performance and competitiveness.In the global world,M&D of IC are useful means to keep investors well-informed and reduce information asymmetry.At present, very few leading corporations in India have disclosed IC info...
Article
Full-text available
Accounting scandals and frauds are perennial; they have occurred in all eras, in all countries and affected millions of corporations. Unfortunately, there are few loopholes in accounting and auditing standards, which provide leeway and thus motivate accounting professionals to use aggressively manipulation practices. In fact, accounting manipulatio...
Article
Full-text available
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 i...
Article
Full-text available
In the 21 st century, investors, creditors, analysts and other stakeholders are now requiring much more insight about company " s performance, strategic direction and exposure to risk. This paper explains the concept of Economic Value Added (EVA) that is gaining popularity in India. We also examine whether EVA is a superior performance measure, bot...
Article
Full-text available
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 i...
Article
Full-text available
Corporate accounting frauds and manipulated 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 proj...
Article
Full-text available
The state of privacy in the 21st century is a worldwide concern, given the Internet’s global reach. New e-business technologies have increased the ability of online merchants to collect, monitor, target, profile, and even sell personal information about consumers to third parties. Governments, business houses and employers collect data and monitor...
Article
Full-text available
Unethical and Illegitimate corporate accounting and reporting practices in Financial Statements 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 b...
Article
Full-text available
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 Compu...
Article
Full-text available
The right of privacy is well established in international law. In fact, consumer privacy has attracted the widespread attention of regulators across the globe. Of course, privacy laws vary throughout the globe but, unfortunately, it has turned out to be the subject of legal contention between the European Union (EU) and the United States (US). Prot...
Article
Full-text available
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 i...
Article
Full-text available
Audit committees (ACs) have received considerable attention globally in recent years. As the eyes and ears of the board, the AC plays a pivotal role in helping to stop or reverse the rise in reported fraud incidents worldwide. ACs serves an essential role in corporate governance (CG) through their oversight of corporate financial reporting processe...
Article
Full-text available
Creative accounting (CA) involves the " manipulation " of company financial records towards a " predetermined " target. Unfortunately, few " loopholes " exists in the accounting standards, which provide " enough-rooms " for the use of CA practices. In fact, Satyam example has been widely regarded as the debacle of the Indian financial system, which...
Article
Full-text available
Even though there are many measures to put corporate governance (CG) in place and practice, an important tool essential for the success is the effective functioning of an audit committee (AC). As the eyes and ears of the board, the AC plays a pivotal role in helping to stop or reverse the rise in reported fraud incidents worldwide. Now-a-days, an A...
Article
Full-text available
Keen to project a perpetually " rosy " picture of the Satyam to the investors, employees and analysts, Mr. Raju (CEO and Chairman) " manipulated " the account books so that it appeared to be a far " bigger " and more " profitable " enterprise than it actually was. The Satyam fraud has " shattered " the dreams of investors, " shocked " the governmen...
Article
Full-text available
Few loopholes in the accounting standards provide enough room for use of Creative Accounting (CA) practices. Thus, CA practices do not provide a " true and fair " view of the FS, since lot of crunching of financial numbers is done, within the purview of applicable laws and prevailing accounting standards. As part of this study, a questionnaire-base...
Article
Full-text available
Keen to project a perpetually rosy picture of the Satyam to the investors, employees and analysts, Mr. Raju (CEO and Chairman) manipulated the account books so that it appeared to be a far bigger enterprise than it actually was. The Satyam fraud has shattered the dreams of different categories of investors, shocked the government and regulators ali...
Article
Full-text available
Banks are the engines that drive the operations in the financial sector, money markets and growth of an economy. With the rapidly growing banking industry in India, frauds in banks are also increasing very fast, and fraudsters have started using innovative methods. As part of the study, a questionnaire-based survey was conducted in 2013-14 among 34...
Article
Full-text available
The high-profile corporate governance (CG) failure scams (like the Stock Market scam, the UTI scam, Ketan Parikh scam, Satyam scam, etc.), which was severely criticized by the shareholders, called for a need to make CG in India transparent as it greatly affects the development of the country. The reporting of CG information is a fundamental theme o...
Article
Full-text available
The state of privacy in the 21st century is a worldwide concern, given the Internet's global reach. The privacy violation on the internet is a significant problem and internet users have a right to adequate privacy. New e-business technologies have increased the ability of online merchants to collect, monitor, target, profile, and even sell persona...
Article
Full-text available
Banks are the engines that drive the operations in the financial sector, money markets and growth of an economy. With the rapidly growing banking industry in India, frauds in banks are also increasing very fast, and fraudsters have started using innovative methods. As part of the study, a questionnaire-based survey was conducted in 2013-14 among 34...
Article
Full-text available
Satyam Computers were once the crown jewel of Indian IT industry, however, the debacle of Satyam raised a debate about the role of CEO in driving a company to the heights of success and its relation with the board members and core committees. The scam brought to the light the role of corporate governance (CG) in shaping the protocols related to the...
Article
Full-text available
Creative accounting (CA) involves the manipulation of company financial records towards a pre-determined target. Unfortunately, few loopholes in the accounting standards provide enough room for the use of CA practices. Satyam’s case has been widely regarded as the debacle of the Indian financial system, which sank due to agency problem Satyam was b...
Article
Full-text available
Accounting scandals and frauds are perennial; they have occurred in all eras and in all countries. Recently, financial accounting fraud detection has come into limelight due to the upsurge in financial frauds and white-collar crimes witnessed in the competitive economic scenario. In the last decade, high profile financial frauds committed by large...
Article
Full-text available
Objective: Fraud is a worldwide phenomenon that affects all continents and all sectors of the economy. With the rapidly growing banking industry in India, frauds are increasing fast, and fraudsters have started using innovative methods. Shockingly, the banking industry in India dubs rising fraud as an inevitable cost of business. One of the most ch...
Article
Full-text available
Satyam Computers were once the crown jewel of Indian IT industry, but were brought to the ground by its founders in 2009 as a result of financial crime. The untimely demise of Satyam raised a debate about the role of CEO in driving a company to the heights of success and its relation with the board members and core committees. The scam brought to t...
Article
Full-text available
Satyam Computers were once the crown jewel of Indian IT industry, but were brought to the ground by its founders in 2009 as a result of financial crime. The debacle of Satyam raised a debate about the role of CEO in driving a company to the heights of success and its relation with the board members and core committees. The scam brought to the light...
Article
Full-text available
Banks are the engines that drive the operations in the financial sector, money markets and growth of an economy. With the rapidly growing banking industry in India, frauds in banks are also increasing very fast, and fraudsters have started using innovative methods. As part of the study, a questionnaire-based survey was conducted in 2013-14 among 34...
Article
Full-text available
Banks are the engines that drive the operations in the financial sector, money markets and growth of an economy. With the rapidly growing banking industry in India, frauds in banks are also increasing fast, and fraudsters have started using innovative methods. A questionnaire-based survey was conducted in 2013-14 among 345 bank employees to know th...
Article
Full-text available
The recent accounting scandals (viz., Enron, WorldCom, Madoff, Satyam, etc.) have induced a crisis of confidence in financial reporting practice and effectiveness of corporate governance (CG) mechanisms. Indeed, Forensic accounting (FA) integrates accounting, auditing and investigative skills to conduct investigations in variety of fraud cases. Thu...
Article
Full-text available
Objective: The fundamental objective of this study is to find out “how can we integrate the expertise of the forensic accounting (FA) to improve the overall corporate governance (CG) scenario prevalent in India?” Since very little research exists in this area, present research is exploratory in nature. This is a preliminary investigation of the nec...
Article
Full-text available
In the era of information and knowledge, effective use of Intellectual Capital (IC) is the most important factor that determines the success of a business leading to sustainable competitiveness. Value creation has been a concern for many years and companies have always been trying to find out the best ways for its improvement. Thus, IC disclosure (...
Article
Banks are the engines that drive the operations in the financial sector and growth of an economy. With the growing banking industry in India, frauds in Banks are also increasing and fraudsters are becoming more sophisticated and ingenious. While it is not possible for Banks to operate in a zero fraud environment, proactive steps such as conducting...
Article
Full-text available
Objective: This is an exploratory study, which focuses on two issues: (a) mapping the current state of intellectual capital (IC) reporting scenario, and (b) attempt to measure the value of IC by the selected 8 companies in the Indian pharmaceutical industry during the 5 financial years. Methods: The Modified Intangible Assets Monitor is used to cap...
Article
Full-text available
In the era of information and knowledge, effective use of Intellectual Capital (IC) is the most important factor that determines the success of a business leading to sustainable competitiveness. Value creation has been a concern for many years and companies have always been trying to find out the best ways for its improvement. Thus, IC disclosure (...
Article
Full-text available
At present, disclosure of IC information across the globe is done by very few leading companies, purely on a " voluntary " basis. Unfortunately, the omission of IC information may adversely influence the quality of decisions made by shareholders, or lead to material misstatements. This study attempts to provide an insight into the style of IC discl...
Article
Full-text available
An increasing number of researchers are finding that ‘poor’ corporate governance (CG) is a leading factor in “poor performance, manipulated financial reports, and unhappy stakeholders.” The recent accounting scandals (Enron, WorldCom, Madoff, Satyam, etc.) have induced a crisis of confidence in financial reporting practice and effectiveness of CG m...
Article
Full-text available
Scandals are often the " tip of the iceberg " . They represent the 'visible' catastrophic failures. An attempt is made in this paper to examine in-depth and analyze India's Enron, Satyam Computer's " creative-accounting " scandal. Their scandal/fraud has put a big question mark on the entire corporate governance system in India. In public companies...
Article
Full-text available
ow-a-days, an audit committee (AC) is being looked upon as a distinct culture for improving corporate governance (CG) and has received wide-publicity across the globe. Government authorities, regulators and international bodies have indicated that they view an AC as a potentially powerful tool that can enhance the reliability and transparency of fi...
Article
Full-text available
Corporate governance (CG) disclosure is a fundamental theme of the 'modern' corporate-regulatory system, which encompasses providing 'governance' information to the public in a variety of ways. This study explores the voluntary CG practices of 50 corporations, over and above the mandatory requirements of clause 49 of the listing agreement. In order...
Article
Full-text available
Managing and creating shareholder values have become a widely accepted corporate objective since the last decade. Of late, companies in India have started focusing on shareholders wealth creation by adopting value-based models for measuring shareholder value that helps to align managerial decision making with firm preferences. In recent years, the...
Article
Full-text available
From Enron, WorldCom and Satyam, it appears that corporate accounting fraud is a major problem that is increasing both in its frequency and severity. Research evidence has shown that growing number of frauds have undermined the integrity of financial reports, contributed to substantial economic losses, and eroded investors’ confidence regarding the...
Article
Full-text available
It is universally accepted that the goal of financial management is to maximise the shareholder‘s value. In recent years, Economic Value Added (EVA) framework is gradually replacing the traditional measures of financial performance on account of its robustness and its immunity from creative accounting. Following this global trend, several companies...
Article
An increasing number of researchers are finding that ‘poor’ corporate governance (CG) is a leading factor in poor performance, manipulated financial reports, and unhappy stakeholders. Corporations and regulatory bodies are now trying to analyse and correct any existing defects in their reporting system. In the current reporting environment, forensi...
Article
Full-text available
At present, disclosure of IC information by the companies, across the globe, is done by few leading companies purely on a “voluntary” basis. Unfortunately, the omission of IC information may adversely influence the quality of decisions made by shareholders, or lead to material misstatements. This study attempts to provide an insight into the “narra...
Article
Full-text available
Corporate entities of all sizes, across the globe, are easily susceptible to frauds at any points of time. From Enron, WorldCom and Satyam, it appears that corporate accounting fraud is a major problem that is increasing, both in its frequency and severity. According to ACFE Global Fraud Study 2012, " The typical organization loses 5% of its revenu...
Article
Full-text available
In today’s knowledge-based economy, measurement, management and disclosure of intellectual capital (IC) are very crucial for enhancing business performance and economic growth, both in manufacturing as well as service organizations. This study attempts to provide an insight into the style of IC disclosures and measurements done by the Indian compan...
Article
Full-text available
Corporate entities of all sizes, across the globe, are easily susceptible to frauds at any points of time. From Enron, WorldCom and Satyam, it appears that corporate accounting fraud is a major problem that is increasing, both in its frequency and severity. According to ACFE Global Fraud Study 2012, “The typical organization loses 5% of its revenue...
Article
Full-text available
In today's knowledge-based economy, measurement and disclosure of intellectual capital (IC) are very crucial for enhancing business performance and economic growth, both in manufacturing as well as in service organizations. This study attempts to provide an insight into the style of IC disclosures and measurements done by the Indian companies. Firs...
Article
Full-text available
Even though there are many measures to put corporate governance (CG) in place and practise, an important tool essential for the success is the efficacy and effective functioning of an audit committee (AC). Nowadays, an AC is being looked upon as a distinct culture for CG and has received wide-publicity across the globe. Government authorities, regu...
Article
Full-text available
CER is considered a key medium through which to communicate environmental information to its stakeholders. The rapid growth of 'internet' technology has enabled the firms to disseminate information to the global audience by removing all geographical barriers. In this study, we explore the status of ER made by 39 corporations during the year 2005-20...
Article
Full-text available
Scandals are often the " tip of the iceberg " . They represent the 'visible' catastrophic failures. An attempt is made in this paper to examine in-depth and analyze India's Enron, Satyam Computer's " creative-accounting " scandal. Their scandal/fraud has put a big question mark on the entire corporate governance system in India. In public companies...