This is fairly significant. His own accountants:
Former President
Donald Trump's long-time accounting firm informed the Trump Organization last week that it should no longer rely on nearly 10 years' worth of financial statements and that they would no longer be their accountants, citing a conflict of interest.
"We have come to this conclusion based, in part, upon the filings made by the New York Attorney General on January 18, 2022, our own investigation, and information received from internal and external sources," Mazars wrote in a letter to the Trump Organization chief legal officer, advising them to no longer rely on financial statements ending June 2011 through June 2020.
"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."
The company also advised the Trump Organization to inform any recipients of the statements, such as lenders or insurers, to not rely on the statements.
Mazars also said it would no longer act as Trump's accountant, citing a "non-waivable conflict of interest." The accounting firm said the only work not completed was the filing of Trump and Melania Trump's tax returns. It says they are still seeking information about an apartment for Matthew Calamari Jr., the company's head of security, which they have sought for months but have not received. Trump's main accountant, Donald Bender, testified before the grand jury investigating the Trump Organization last year, sources told CNN.
The letter was included in a court filing by the New York attorney general's office, which has been trying to enforce a subpoena for documents from Trump and seek his testimony as well as that of Donald Trump Jr., and Ivanka Trump. A court hearing is set for Thursday.
I suspect the conflict of interest is that the Trump organization is likely to blame the accounting firm for the discrepancies that will be revealed and they will defend themselves. Hard to win a battle with your own accountants.
