Donald Trump’s accountants, Mazars USA LLP, decided to call it quits. For the former president and his three eldest children, it’s an unwelcome development that amplifies financial pressures enveloping their company, the Trump Organization. It also raises the stakes in a pair of high-profile fraud investigations of the family.
All of which leads to me wonder: What took you so long, Mazars? And if the Trumps can’t find an accountant while law enforcement officials continue to comb through their finances, how easy will it be for their debt-laden company to continue moving forward?
Mazars said in a letter it sent the Trump Organization last week that it could no longer vouch for a decade’s worth of financial statements it helped prepare. It also cited recent revelations in court documents, its own due diligence, the Trump Organization’s apparent unwillingness to share information and what it described as a “non-waivable conflict of interest” as reasons why it will no longer work with the family. Mazars also said that it doesn’t believe that “the financial statements, as a whole, contain material discrepancies.”
