Mazars no longer does Trump accounting

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Mazars, the accounting firm that has handled the Trump Organization’s accounts for the past ten years, no longer supports annual accounts set up for the company. The office will also stop doing new work for the Trump Organization.

The New York State Attorney’s Office is currently investigating the Trump Organization, the holding company for the business and investment interests of former President Donald Trump and his family.

According to prosecutor Letitia James, the company has made misleading statements to lenders, insurers and tax authorities about the value of various Trump properties, including golf clubs and landmarks such as Trump Tower in New York. Also about the ‘Trump brand’ would lie. According to James, the fact that Mazars is now backing down shows how urgent his investigation is.

letter

The news is coming Bloomberg released after a letter Mazars sent to the Trump Organization on February 9 was filed in court. In the letter, Mazars stated that the annual figures for 2011 to 2020 “do not include overall material differences”, but due to all circumstances “our advice to you is that it is no longer appropriate to rely on annual reports to account.”

A spokesman for the Trump Organization said in a statement that the company was “disappointed” that Mazars was withdrawing, “but the letter indicated that Mazars’ work was carried out in accordance with applicable accounting principles” and stressed “that there were no material differences.” Found.”

Years of relationship

Trump’s relationship with one of Mazars’ current legal predecessors in the US goes back decades. then in 2020 reported the ProPublica website has explained extensively about Donald Trump’s years of collaboration with his regular accounting firm, which has become increasingly problematic because of all the complexities surrounding his tax returns.

Maxwell Quinn

"Incurable alcohol fan. Proud web practitioner. Wannabe gamer. Music buff. Explorer."

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