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Accounting appropriate { July 18 2002 } Original Source Link: (May no longer be active)    http://www.washingtonpost.com/wp-dyn/articles/A21667-2002Jul17.html http://www.washingtonpost.com/wp-dyn/articles/A21667-2002Jul17.html AOL Says Accounting 'Was Appropriate' Thursday, July 18, 2002; Page A16 AOL Time Warner Inc. yesterday issued the following statement from John Buckley, executive vice president for corporate communications for the online unit: "The accounting for all of the transactions The Washington Post has discussed with AOL was appropriate and in accordance with GAAP [generally accepted accounting principles]. The disclosures in AOL's financial statements were also appropriate and accurate. "AOL's independent auditors, Ernst & Young, specifically reviewed all but one of these transactions at the time they were accounted for. Moreover, since the Post contacted AOL, Ernst & Young has confirmed in writing that the accounting and related financial statement disclosure for all of the transactions were appropriate and in accordance with Generally Accepted Accounting Principles. "Moreover, the facts show that AOL has maintained a strict and effective set of internal controls, a point underscored by the Post's own reporting. "Finally, it should be noted that, in their entirety, the transactions cited by the Post comprised less than two percent of AOL's revenues during the same period, and accounting for them differently would have had no impact on the Company's net income." © 2002 The Washington Post Company

100b losses { January 29 2003 } Accounting appropriate { July 18 2002 } Aol boss sold shares Aol discloses sec probe { July 25 2002 } Aol exec Aol hard to cancel { September 24 2003 } Aol losses 1m subscribers { June 4 2003 } Aol plans big cuts { January 10 2003 } Aol probe continues { March 29 2003 } Aol purchasepro fool investors { September 24 2003 } Aol subscribers down 846 000 { July 24 2003 } Aol time warner eliminate aol from name Aol tw blackhole { April 29 2002 } Aol tw sells 2bil Case quits { January 13 2003 } Crimimal probe { August 1 2002 } End of 2004 loses 646 thousand subscribers { December 7 2004 } Fbi continues aol probe Justice investigates aol Levin aol More sec probing { April 22 2003 } Oust case { September 17 2002 } Profits to plunge Steve case showdown { July 21 2002 } Time warner drops aol name { October 13 2003 } Turner fights case Turner levin aol { June 4 2002 } Turner retired Turner sold 5m { February 7 2003 } Turner take aol { September 18 2002 } Turner un { November 20 2001 } Unconventional { July 18 2002 } Wheres steve case { July 19 2002 } Wont rebound till 2004 { December 4 2002 } Files Listed: 34

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