AIG 2009 Annual Report Download - page 355

American International Group, Inc., and Subsidiaries
internal control over financial reporting during the quarter ended December 31, 2009 that have materially affected, or
are reasonably likely to materially affect, AIG’s internal control over financial reporting:
• Enhanced the design of certain controls to increase the precision level at which they operate in consideration of
divestiture and other changes in operations of the business.
• Instituted additional management review controls, particularly with respect to non-routine transactions and
manual processes.
• Hired additional resources, including permanent staff supplemented with contract personnel to enhance the
complement of skills and reduce employee workload.
• Expanded risk assessment procedures in order to enhance identification and response to significant emerging
financial reporting risks.
Other Internal Control Considerations
In addition, AIG management recognizes the importance of continued attention to improving its internal controls,
in particular those related to the period-end financial reporting and consolidation processes, income taxes, and
accounting for non-standard transactions.
ITEM 9B. Other Information
On February 25, 2010, AIG was notified by Dennis H. Dammerman that he intended to resign from the Board of
Directors for health-related reasons, effective February 28, 2010.
347 AIG 2009 Form 10-K