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Topic: Business
Number of pages / Number of words: 3 / 803
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In 2006, AIG had settled an accounting scandal for $1.6 billion. Also, in June, the SEC and Justice Dept were examining how the company valued certain complex derivative transactions. All these past transgressions didn’t help AIG, rocking investor confidence and eroding their market capitalization, enterprise and brand value...


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This caused PriceWaterhouseCoopers, its auditor, to force AIG to change its method of valuing its derivatives and products. This caused a sharp decline in the valuation of those derivatives.

Soon, its credit rating was downgraded, triggering terms in their derivatives contracts that required AIG to come up with an additional $14...


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A Settlement That's Not Settled Accounting Essay w/ Enron Scandal Accounting Scandal Report Accounting Scandal adelpia communications accounting scandal challanges to hr dept Derivative Security Assignment Interclean Sales Dept Restructure Phar-Mar Inc. Accounting Scandal Public Company Accounting Oversight Board; Will it Protect Investors? Summary of Changes in Derivative Accounting A Comparison Of Multi-valued Orientation And Two Valued Orientation Standard Soap Company Cost Accounting Why in the world do we need derivative Is It Wrong To Prevent People From Expressing Wrong Ideas?

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