Noteworthy News

[Pat Mustard]

Well well well.... It's looking like Mazars has thrown the Trump Org under the bus.

No link, it's all over the news.

Kinda weird, though, that Mazars says the financial statements should 'no longer be trusted'.

'Should never have been trusted' would be more accurate.

Boru

Mazars are trying to pretend that they didn't know Trump's books were a tissue of lies all along.

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Legalese for flipflipflipflip.  As expected, the whole thing is a giant pile of people with arms crossed over their chests pointing to the left and right.

Yep, they are very clearly ensuring that they don't suffer the same fate as Arthur Anderson.

Well then they should have kept schtum. Arthur Anderson was torpedoed to a large extent by it's accountants speaking out after being frustrated for years by the consultants ignoring their warnings that the schemes the consultants were cooking up to hide massive losses were both highly illegal and useless in saving Enron.

Moral of the story: If you're making an investment decision, avoid companies advised by Accenture like the plague.