Reports suggest American International Group will settle its case with the US
watchdog, the Securities and Exchange Commission, over allegations of accounting
The insurer is expected to pay $800m (£455m) to resolve an investigation by
the SEC into alleged accounting irregularities at the company and it is also
expected to pay an additional $800m after an investigation by Eliot Spitzer, the
New York state attorney-general, which also focused on alleged financial
reporting abuses, The Washington Post reported.
AIG corrected its financial statements for 2000, 2001, 2002 and 2003 in May
last year after finding multiple accounting irregularities.
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements