- Ex-US President Donald Trump’s long-standing auditing firm has ended its collaboration in the course of the investigation into his corporate empire and revoked financial reports.
- The end of the business relationship was due to an “unavoidable conflict of interest,” according to a letter from Mazars to the Trump Organization.
- The auditors also come to the conclusion that the annual balance sheets for the period between June 2011 and June 2020 are “no longer reliable”.
The company advised the Trump Organization to notify recipients of the degrees. “Although we have not concluded that the various financial statements as a whole contain material inconsistencies, given the aggregate of the circumstances we believe that our advice to you that you no longer rely on these financial statements is reasonable,” it said it in the letter.
Legend:
The Mazars company had prepared the financial statements based on information provided by Trump and his company.
Reuters
Trump’s company was disappointed with the decision, but it shows that the investigations are superfluous.
The New York prosecutor’s office accuses Trump of fraudulent business practices.