Question
I am researching the AIG fraud case of 2005, in which they reported a reduction in loss reserves that resulted in much criticism. Essentially motivating
I am researching the AIG fraud case of 2005, in which they reported a reduction in loss reserves that resulted in much criticism. Essentially motivating AIG to enter into a contract with General Re to falsely increase their loss reserve account. Why is a reduction of loss reserves, bad ,if it is a liability account?
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Principles Of Financial Accounting Ch 1 17
Authors: Robert Libby, Patricia Libby, Fred Phillips, Stacey Whitecotton
1st Edition
0077370457, 9780077370459
