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Chicago (Aug. 27, 2002) -- Aon Corp, an investor in CPA2Biz, said that it has resolved its review by the Securities and Exchange Commission, and that it won't have to alter its previous financial statements.
"We are pleased to report that Aon has resolved all of the comments from the SEC," said Aon chief executive Patrick Ryan. He also reported that he and chief financial officer Harvey Medvin were certifying Aon's filings with the SEC, including the second quarter 2002 Form 10-Q, which had been an issue of the government review.
In matters separate from the SEC review, Chicago-based Aon is one of the original investors in CPA2Biz, the Internet portal provider of American Institute of CPAs' products and services, and its Aon Insurance Services affiliate manages the AICPA's professional liability insurance program.
On Aug. 7, Aon disclosed that it was in discussions with the SEC concerning a Form 10 filing for one of its business spin-offs, Combined Specialty Group Inc., and for a comment letter regarding its 2001 Form 10-K and first-quarter 2002 Form 10-Q. A few days later, the company was hit with a class-action stockholder lawsuit that, according to insurance industry rating service A.M. Best Co., "mirrored issues raised by the SEC and now resolved."
--John M. Covaleski
