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...
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