Accounting Firm: Trump's Financial Statements Not Reliable

FEB 14 2022·Updated JAN 4 2023

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The Facts

A newly released letter that Trump's former accounting firm sent last week has brought into further question the reliability of his financial statements.
The Associated Press
The letter from Mazars USA LLP was made public on Monday by a court filing from NY AG Letitia James, who's investigating potentially fraudulent property valuations by Trump and his business.
The Associated Press
In the letter, Mazars informed the Trump Organization it was severing ties, citing a conflict of interest, and that Trump's financial statements shouldn't be used to assess his or the company's financial health.
The Associated Press
They also said they don't believe the statements "as a whole, contain material discrepancies"
The Associated Press
The Trump Organization asserted the letter renders James' investigation moot as it simply confirms Mazars completed all its work within applicable accounting standards.
The Associated Press

Sources Split

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The Spin

Left narrative

James' investigation must be cutting close to the bone. In past depositions, Mazars was willing to let Trump play loose with the truth about his valuations; now that law enforcement is involved they're reconsidering their options.

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Pro-Trump narrative

James' investigation has no merit and is a political ploy to advance her career while tarnishing the Trump name. Her unethical behavior will be exposed when the Trumps make their case.

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