Hot on the heels of former AIG chief Maurice Greenberg’s resignation, director Howard Smith – the company’s former CFO – has resigned from the troubled insurer’s board.
The two directors had already stepped down from their executive roles amid investigations into the insurer’s accounting.
The New York Attorney General has brought claims against the company and both directors claiming fraud and manipulation of AIG’s books.
AIG has previously stated that ‘material weaknesses’ in its control systems had reduced its book value by over £1bn.
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