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AIG Accounting To Regulators Still Delayed

American International Group said today that the process of restating its 2004 finances on a generally accepted accounting basis has delayed its ability to supply state regulators with a combined stat

By Daniel Hays | Updated on January 17, 2006

American International Group said today that the process of restating its 2004 finances on a generally accepted accounting basis has delayed its ability to supply state regulators with a combined statutory report requiring more conservative accounting.

Last May, after delaying it three times, AIG submitted an annual report to the SEC with a five-year GAAP restatement that reduced profits for that period by 10 percent.

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