Major

Accounting

Degree Name

Bachelor of Science in Accounting

Date of Expected Graduation

Spring 2016

Abstract

This paper delves into the fraud committed by Adelphia Communications for fiscal year 2001. Former Adelphia owner, the Rigas family’s background is scrutinized in an effort to understand how an environment fostering the ideals of financial statement fraud was created. The fraud itself is analyzed to uncover the potential warning signs that were available to then auditor, Deloitte. The audit process is outlined to determine where audit risk was greatest, and how audit guidelines in place at the time may have been ineffective in helping auditors to mitigate such risks. Audit guidelines in place at the time are then compared to standards in place today to formulate an effective guide for auditors to utilize in effectively mitigating audit risk in the presence of a high-risk client.

Research Sponsor

Dr. Li Wang

First Reader

Dr. Susan Hanlon

Second Reader

Dr. Pamela Keltyka

Included in

Accounting Commons

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