Trump Organization’s accounting firm says it can no longer vouch for financial statements from the company

France Nouvelles Nouvelles

Trump Organization’s accounting firm says it can no longer vouch for financial statements from the company
France Dernières Nouvelles,France Actualités
  • 📰 NBCNews
  • ⏱ Reading Time:
  • 50 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 86%

Trump Organization’s accounting firm says it can no longer vouch for financial statements from the company.

Mazars also said it will no longer work with the Trump Organization, meaning the company may have to get new financial statements that could complicate its ability to secure loans.

Kelly said"this conclusion based, in part, upon the filings made by" James' office and"our own investigation, and information received from internal and external sources.""While we have not concluded that the various financial statements, as a whole, contain material discrepancies, based upon the totality of the circumstances, we believe our advice to you to no longer rely upon those financial statements is appropriate," according to Kelly.

A spokesperson for the Trump Organization, however, characterized the development as good news for the company and bad news for the attorney general's civil probe and the Manhattan district attorney's"While we are disappointed that Mazars has chosen to part ways, their February 9, 2022 letter confirms that after conducting a subsequent review of all prior statements of financial condition, Mazars’ work was performed in accordance with all applicable accounting standards and...

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

NBCNews /  🏆 10. in US

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Accounting firm: Trump financial statements aren't reliableAccounting firm: Trump financial statements aren't reliableNEW YORK (AP) — The accounting firm that prepared former President Donald Trump’s annual financial statements says the documents, used to secure lucrative loans and burnish Trump's image as a wealthy businessman, “should no longer be relied upon” after New York's attorney general said they regularly misstated the value of assets.
Lire la suite »

Trump Org accounting firm says years of financial statements are unreliableTrump Org accounting firm says years of financial statements are unreliable.NicolleDWallace: According to a new court filing by NY AG James's office, the Trump Organization's accounting firm now says nearly a decade's worth of financial statements can no longer be relied upon and they cannot represent Donald Trump anymore.
Lire la suite »

Alex Rodriguez, Once Scorned By Trump, In Group Buying His D.C. HotelAlex Rodriguez, Once Scorned By Trump, In Group Buying His D.C. HotelThe $375 million deal, which could close within weeks, would make the athlete-turned-entrepreneur an unlikely financial savior for the ex-president.
Lire la suite »

Accounting firm: Trump financial statements aren’t reliableAccounting firm: Trump financial statements aren’t reliableThe accounting firm that prepared former President Donald Trump’s annual financial statements says the documents “should no longer be relied upon” after New York’s attorney general said they regularly misstated the value of assets.
Lire la suite »



Render Time: 2025-03-18 03:03:58