American International Group's chief executive Martin Sullivan told analysts after Tuesday's filing of AIG annual report and restatements that he believes his company's accounting practices have now been thoroughly reviewed and that there won't be any more restatements in the future.
AIG's CEO Martin Sullivan said during an analyst conference call on Wednesday: "We went though a very extensive review of all our major businesses globally, from bottom up and top down. We believe there should be no further restatement going forward."
He added, "This provides an in-depth disclosure about financial results of 2004 and our restated results for prior periods. We still have work to do, but the investing public can now focus on AIG's future."
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