not breach them. History and background of Adelphia Communications Corporation Adelphia Communications Corporation or “ACC, was a small family-owned cable television company. It was established in a small Pennsylvania town. John Rigas started Adelphia and turned the local cable franchise into a communications empire. (Giroux, 2008). Under the Sarbanes-Oxley, companies must disclose their financial reports and Adelphia did this in May 2002. Adelphia announced earnings restatement for the year 2000-2001
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Assignment ETH 501: Business Ethics Dr. Mark Friske 24 November 2013 Introduction Adelphia Communications, one of the largest cable companies is the country at the time, is defunct as of 2006 due to multiple unethical decisions by the Rigas family. Any business, if subjected to unethical decision making to this extent, would be destined for failure and Adelphia Communications is no exception. The two main unethical actions that are highlighted are lying and stealing.
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Graduate Diploma in Master’s Degree in Business Management Introduction The purpose of this assignment is to provide a critical analysis of the 2002 collapse of Adelphia Communications as seen through the lens of Immanuel Kant deontological ethics. This analysis will be accomplished by providing a brief time lime of the Adelphia, identifying and discussing two key ethical problems raised and describing what is meant by deontological ethics. More specifically this paper will show how Kant’s Categorical
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Question: Why is it important for external auditors to be independent? Relate your answer to the primary role of external auditors. Give examples of specific ways the lack of auditor independence may impact adversely on an audit. Auditing can be defined as the systematic process of obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between those assertions and established criteria and communicating the results to interested
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Case analysis 3 Chao Yao Major case 1 Adelphia Communications Corporation 1. What are the facts? In September 2005, the SEC charged Dearlove, a certified public accountant and formerly a partner with the accounting firm Deloitte& Touche LLP, with the improper conduct resulting in a violation of applicable professional standards. On July 24, 2009, the U.S. Court of Appeals for the District of Columbia supported the finding of the SEC that Dearlove engaged improper professional conduct
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Deloitte's audit team had been auditing Adelphia and Rigas for numerous years. The 2000 audit remained largely unchanged from prior years. The team consisted of about twenty staff accountants and tax professionals, divided into subgroups that were supervised by ten Deloitte managers and headed by senior manager William Caswell, who reported directly to Dearlove. Several of the Deloitte managers had significant prior experience auditing and reviewing Adelphia's annual and quarterly reports: Caswell
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7/1/2015 Adelphia founder sentenced to 15 years in jail Business Corporate scandals | NBC News Adelphia founder gets 15year term; son gets 20 Recommend Tweet 0 0 0 Below: Discuss Data Related 108 Rigases were convicted of stealing $100 million in company funds updated 6/20/2005 7:04:56 PM ET NEW YORK — John Rigas, who turned a $300 investment a half century ago into cable behemoth Adelphia Communications Corp., was sentenced to 15 year
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deontology Adelphia Communications Company was a family business company and later incorporated by the founders’ sons. It was ranked sixth of the largest cable selling company in the U.S. Its revenue exceeded $ 2.9 billion annually with its offices located in 32 states having subscribers exceeding five million (Barlaup, 2009). However, in 2002 a financial analyst realized that some funds were missing in the books of the company leading to investigations. Later, the SEC announced that the Adelphia Company
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FRAUDES CONTABLES ADELPHIA COMMUNICATIONS FUNDAMENTOS DE AUDITORIA Grupo No 4 INTEGRANTES: Barragán Rojas Jonathan Francisco Moreira Herrera Damarys Ivette Ronquillo Burgos María Fernanda Vergara Ortiz Lady Marisela Adelphia Communications Antecedentes de la empresa * Adelphia Communications * Ubicada en Wall Street esta división de la organización se centró en el desarrollo local, regional y nacional que anuncia las oportunidades promocionales con la inserción comercial
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Review of Accounting Ethics Review of Accounting Ethics Dr. ACC 557: Financial Accounting May 22, 2013 Table of Contents 1.0 Corporate ethical breaches in recent times. 3 2.0 Accounting ethical breaches and their impacts 3 2.1 The Scandal of Enron 3 3.0 Organizational ethical issues and the management failure 5 4.0 Breach of the accounting practices and its impacts 5 5.0 Recommendations by the CFO 6 6.0 References 8 1.0 Corporate ethical breaches in recent times. Ethics is an important
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