SEC Info℠  
    Home      Search      My Interests      Help      Sign In      Please Sign In

Aetna Inc/PA – ‘10-K’ for 12/31/07 – EX-18.1

On:  Friday, 2/29/08, at 2:14pm ET   ·   For:  12/31/07   ·   Accession #:  1122304-8-34   ·   File #:  1-16095

Previous ‘10-K’:  ‘10-K’ on 2/27/07 for 12/31/06   ·   Next:  ‘10-K’ on 2/27/09 for 12/31/08   ·   Latest:  ‘10-K’ on 2/23/18 for 12/31/17   ·   2 References:   

Find Words in Filings emoji
 		  in    Show  and   ↓Hints

  As Of                Filer                Filing    For·On·As Docs:Size

 2/29/08  Aetna Inc/PA                      10-K       12/31/07   13:4.1M

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Form 10-K December 31, 2007                         HTML    458K 
 2: EX-10.10    2000 Stock Incentive Plan                           HTML     88K 
 3: EX-10.15    1999 Director Charitable Award Program              HTML     29K 
 4: EX-12.1     Computation of Ratio                                HTML     21K 
 5: EX-13.1     2007 Aetna Annual Report Financial Report to        HTML   1.67M 
                          Shareholders                                           
 6: EX-18.1     Letter From Accounting Firm Re Change in            HTML     12K 
                          Accounting Principle                                   
 7: EX-21.1     Subsidiaries of Aetna Inc                           HTML     35K 
 8: EX-23.1     Consent of Independent Registered Public            HTML     10K 
                          Accounting Firm                                        
 9: EX-24.1     Power of Attorney                                   HTML     11K 
10: EX-31.1     Certification per Sarbanes-Oxley Act (Section 302)  HTML     16K 
11: EX-31.2     Certification per Sarbanes-Oxley Act (Section 302)  HTML     16K 
12: EX-32.1     Certification per Sarbanes-Oxley Act (Section 906)  HTML     10K 
13: EX-32.2     Certification per Sarbanes-Oxley Act (Section 906)  HTML     10K

EX-18.1   —   Letter From Accounting Firm Re Change in Accounting Principle

This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]


Exhibit 18.1

Letter from the Independent Registered Public Accounting Firm Regarding Change in Accounting Principle


February 28, 2008


Board of Directors
Aetna Inc.
151 Farmington Avenue
Hartford, CT  06156

Ladies and Gentlemen:

We have audited the consolidated balance sheets of Aetna Inc. and subsidiaries (the “Company”) as of December 31, 2007 and 2006, and related consolidated statements of income, shareholders’ equity and cash flows for each of the years in the three-year period ended December 31, 2007, and have reported thereon under date of February 28, 2008.  The aforementioned consolidated financial statements and our report thereon are included in the Company’s Annual Report on Form 10-K for the year ended December 31, 2007.  As stated in Note 2 to those consolidated financial statements, the Company changed its method of classification for certain of its investment securities previously classified as current assets to non-current assets.  In connection with this change in accounting principle, certain deferred taxes have been reclassified from current to non-current.  The Company states that the newly adopted accounting principle is preferable as it better reflects when cash will be realized and is more consistent with how the Company manages the investment portfolio given the duration of the liabilities that the investments support.   In accordance with your request, we have reviewed and discussed with Company officials the circumstances and business judgment and planning upon which the decision to make this change in the method of accounting was based.

With regard to the aforementioned accounting change, authoritative criteria have not been established for evaluating the preferability of one acceptable method of accounting over another acceptable method.  However, for purposes of the Company’s compliance with the requirements of the Securities and Exchange Commission, we are furnishing this letter.

Based on our review and discussion, with reliance on management’s business judgment and planning, we concur that the newly adopted method of accounting is preferable in the Company’s circumstances.

Very truly yours,


/s/ KPMG LLP



Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
Filed on:2/29/08
2/28/084
For Period End:12/31/074
12/31/0610-K
 List all Filings 

2 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 7/08/08  SEC                               UPLOAD9/13/17    1:15K  Aetna Inc./PA
 5/02/08  SEC                               UPLOAD9/13/17    1:36K  Aetna Inc./PA
↑Top
Filing Submission 0001122304-08-000034   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help — Wed., May 1, 10:37:58.1am ET