Detecting Accounting Fraud 1st Edition by Cecil Jackson

Exercise 8

Which of the following is not true regarding the SECs allegations against Adelphia? (a) The company concealed rampant selfdealing by the family that founded and controlled Adelphia.
(b) The company falsified operations statistics.
(c) The company improperly accounted for foreign payments in violation of the Foreign Corrupt Practices Act.
(d) The company excluded liabilities from its consolidated financial statements.