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Academic

: Securities Law Prof Blog

AIG's Auditors Find Material Weaknesses in Valuing Complex Instruments

By Securites Lawprof

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More news that calls in question the risk management systems at leading financial institutions -- AIG reported a $4.88 billion charge (5 times more than it predicted in December) resulting from "material weaknesses" identified by its auditor PricewaterhouseCoopers that understated...

Full post as published by Securities Law Prof Blog on February 12, 2008 (boomark / email).

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