Date of Last Revision

2023-05-02 19:03:35



Degree Name

Bachelor of Science in Accounting

Date of Expected Graduation

Spring 2016


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



To view the content in your browser, please download Adobe Reader or, alternately,
you may Download the file to your hard drive.

NOTE: The latest versions of Adobe Reader do not support viewing PDF files within Firefox on Mac OS and if you are using a modern (Intel) Mac, there is no official plugin for viewing PDF files within the browser window.