Tax firm Mazars fires Trump Organization as client, says former president’s financial statements are unreliable

Former President Donald Trump                                   Photo credit Ross D. Franklin | AP

The accounting firm Mazars has fired the Trump Organization as a client and said a decade’s worth of statements of ex-President Donald Trump’s financial condition “should no longer be relied upon,” the New York Attorney General’s office revealed.

The firm said it based on its decision about the past work’s reliability, “as well as the totality of circumstances, we have also reached the point such that there is a non-waivable conflict of interest with the Trump Organization.”

The letter by Mazars, was cited by AG Letitia James’s office as it asked a state judge to order the Trump Organization, Donald Trump Jr. and his sister Ivanka Trump, and others to comply with subpoenas seeking documents and testimony.

Mazars also said in its letter that it would no longer “provide any new work product to the Trump Organization.”

The firm said it based on its decision about the past work’s reliability, “as well as the totality of circumstances, we have also reached the point such that there is a non-waivable conflict of interest with the Trump Organization.”

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Article URL : https://www.cnbc.com/2022/02/14/trump-tax-firm-says-documents-not-reliable.html