Trump’s Financial Statements Are So Full of Lies That His Accountants Put A Warning Label On Them

CaughtInTheMiddle · 2019-03-29T13:12:04.919Z

adroit:

Roxiebelle:

OMG! What a load of TDS dung! Geez Louise do those who suffer from the ailment have a life outside of trashing Trump 24/7. NO, I don’t think so.

For every “lie” the Vanity Fair idiots rack up they lose brain cells and they have pretty much emptied their skull of any grey matter.

Straight up idolatry.

Yup

All for a New York City real estate developer.

NebraskaFootball · 2019-03-29T13:19:51.768Z

Smyrna:

CaughtInTheMiddle:

You simply can’t talk about Trump’s massive lies.

But you can vote for him.

I did talk about it and explained that when hiring an accountant, they give you a choice of two services; 1. they do your taxes based on your numbers or 2. they do the audit of your financial information, your taxes and place their name of professional integrity on the submission. Trump chose number 1 and the accounting service is making that known to the IRS. This is everyday business but to those that are libs and aren’t in business, it’s a time to light your hair on fire,amirite?

This has nothing to do with taxes or the IRS. Did you not read the article linked in the OP?

CaughtInTheMiddle · 2019-03-29T13:19:58.821Z

Apocalypto:

Why don’t trump supporters just admit that fat donald is a liar? Why is it so hard for them to do that?
No one is going to laugh at you since you will be admitting a fact.

They can’t. They posted here about how Trump was gonna fix healthcare and lower the national debt and only hire the best people and drain the swamp and not play golf and not campaign all the time.

They’re stuck. If they admit he’s a liar they have to admit they were conned.

NebraskaFootball · 2019-03-29T13:24:05.525Z

Roxiebelle:

OMG! What a load of TDS dung! Geez Louise do those who suffer from the ailment have a life outside of trashing Trump 24/7. NO, I don’t think so.

For every “lie” the Vanity Fair idiots rack up they lose brain cells and they have pretty much emptied their skull of any grey matter.

His financial statement submitted in his attempt to buy the Buffalo Bills did not include the disclaimer. What does that mean to you?

DOLOOP · 2019-03-29T13:38:41.114Z

Jezcoe:

If one lies so much and everyone knows it’s a lie and they do business anyway… is it really technically a crime?

It ceases even to be a lie at that point.

DOLOOP · 2019-03-29T13:42:01.633Z

CaughtInTheMiddle:

Trump: “How many lots are ready for sale?”
Employee: “31”
Trump: “Write 55”
Trump: “Oh, and write that Trump Tower is 65 stories”

Employee: if they catch us in a lie they’ll refuse the loan.

Trump: put a disclaimer in the cover letter that I always lie. They never read those things.

DOLOOP · 2019-03-29T13:44:10.046Z

NebraskaFootball:

Roxiebelle:

OMG! What a load of TDS dung! Geez Louise do those who suffer from the ailment have a life outside of trashing Trump 24/7. NO, I don’t think so.

For every “lie” the Vanity Fair idiots rack up they lose brain cells and they have pretty much emptied their skull of any grey matter.

His financial statement submitted in his attempt to buy the Buffalo Bills did not include the disclaimer. What does that mean to you?

Bank fraud.

CaughtInTheMiddle · 2019-03-29T13:44:22.268Z

DOLOOP:

CaughtInTheMiddle:

Trump: “How many lots are ready for sale?”
Employee: “31”
Trump: “Write 55”
Trump: “Oh, and write that Trump Tower is 65 stories”

Employee: if they catch us in a lie they’ll refuse the loan.

Trump: put a disclaimer in the cover letter that I always lie. They never read those things.

Trump: “And on your way out tell Cohen to get in here”

NebraskaFootball · 2019-03-29T13:45:45.442Z

DOLOOP:

NebraskaFootball:

Roxiebelle:

OMG! What a load of TDS dung! Geez Louise do those who suffer from the ailment have a life outside of trashing Trump 24/7. NO, I don’t think so.

For every “lie” the Vanity Fair idiots rack up they lose brain cells and they have pretty much emptied their skull of any grey matter.

His financial statement submitted in his attempt to buy the Buffalo Bills did not include the disclaimer. What does that mean to you?

Bank fraud.

Very possibly. And certainly reason enough to investigate, both by Congress and by Prosecutors. Which is happening as it should.

DougBH · 2019-03-29T13:48:37.312Z

wonderingrover:

These are financial statement audits submitted to banks for loans. Financial statement accounting is very different from tax accounting. There are differing methodologies of calculation when stating value on financial statements and when calculating tax due at the end of the year. There are actually specialties in accounting in reconciling the 2.

Yes, and this is what has caused some in prior threads to go on about how Trump obviously committed fraud because he represented the values of assets differently in tax and financial documents.

DOLOOP · 2019-03-29T13:49:22.248Z

NebraskaFootball:

DOLOOP:

NebraskaFootball:

Roxiebelle:

OMG! What a load of TDS dung! Geez Louise do those who suffer from the ailment have a life outside of trashing Trump 24/7. NO, I don’t think so.

For every “lie” the Vanity Fair idiots rack up they lose brain cells and they have pretty much emptied their skull of any grey matter.

His financial statement submitted in his attempt to buy the Buffalo Bills did not include the disclaimer. What does that mean to you?

Bank fraud.

Very possibly. And certainly reason enough to investigate, both by Congress and by Prosecutors. Which is happening as it should.

It’s like the people defending him have never read actually read what’s on a mortgage application. Or a car loan application.

There’s a reason this ■■■■ is illegal.

NebraskaFootball · 2019-03-29T13:53:27.457Z

DOLOOP:

NebraskaFootball:

DOLOOP:

NebraskaFootball:

Roxiebelle:

OMG! What a load of TDS dung! Geez Louise do those who suffer from the ailment have a life outside of trashing Trump 24/7. NO, I don’t think so.

For every “lie” the Vanity Fair idiots rack up they lose brain cells and they have pretty much emptied their skull of any grey matter.

His financial statement submitted in his attempt to buy the Buffalo Bills did not include the disclaimer. What does that mean to you?

Bank fraud.

Very possibly. And certainly reason enough to investigate, both by Congress and by Prosecutors. Which is happening as it should.

It’s like the people defending him have never read actually read what’s on a mortgage application. Or a car loan application.

There’s a reason this ■■■■ is illegal.

Absolutely. And Trump’s personal attorney is going to prison, in part, for this exact type of illegal behavior.

CaughtInTheMiddle · 2019-03-29T13:53:48.629Z

DOLOOP:

NebraskaFootball:

DOLOOP:

NebraskaFootball:

Roxiebelle:

OMG! What a load of TDS dung! Geez Louise do those who suffer from the ailment have a life outside of trashing Trump 24/7. NO, I don’t think so.

For every “lie” the Vanity Fair idiots rack up they lose brain cells and they have pretty much emptied their skull of any grey matter.

His financial statement submitted in his attempt to buy the Buffalo Bills did not include the disclaimer. What does that mean to you?

Bank fraud.

Very possibly. And certainly reason enough to investigate, both by Congress and by Prosecutors. Which is happening as it should.

It’s like the people defending him have never read actually read what’s on a mortgage application. Or a car loan application.

There’s a reason this ■■■■ is illegal.

Is it possible they’ve never bought a house or car?

DOLOOP · 2019-03-29T13:58:54.731Z

CaughtInTheMiddle:

DOLOOP:

NebraskaFootball:

DOLOOP:

NebraskaFootball:

Roxiebelle:

OMG! What a load of TDS dung! Geez Louise do those who suffer from the ailment have a life outside of trashing Trump 24/7. NO, I don’t think so.

For every “lie” the Vanity Fair idiots rack up they lose brain cells and they have pretty much emptied their skull of any grey matter.

His financial statement submitted in his attempt to buy the Buffalo Bills did not include the disclaimer. What does that mean to you?

Bank fraud.

Very possibly. And certainly reason enough to investigate, both by Congress and by Prosecutors. Which is happening as it should.

It’s like the people defending him have never read actually read what’s on a mortgage application. Or a car loan application.

There’s a reason this ■■■■ is illegal.

Is it possible they’ve never bought a house or car?

Good point.I’m starting to think most of em only qualify for a payday loan or a pawn shop.

That’s the only explanation for the ignorance and willingness to defend this behavior.

Absolution · 2019-03-29T14:00:54.755Z

Only the most gullible think that Trump is “being audited” for every tax year.

Snow96 · 2019-03-29T14:28:52.343Z

So there was a disclaimer that the financial statement didn’t follow standard practices. Any financial institute worthy of being called such, would do it’s own due dilligance in valuation before lending any money.

and if they are told up front how things are valued by the owner (counting future income), is it really fraud (as many are claiming Trump is guilty of).

dantes · 2019-03-29T14:46:13.702Z

Not following standard practice is a sweet little euphemism for now following the standard practice of counting.

adroit · 2019-03-29T15:37:30.357Z

Snow96:

So there was a disclaimer that the financial statement didn’t follow standard practices. Any financial institute worthy of being called such, would do it’s own due dilligance in valuation before lending any money.

and if they are told up front how things are valued by the owner (counting future income), is it really fraud (as many are claiming Trump is guilty of).

Because if we know anything about financial institutions over the past decade or so, we know they totally make sure they are making sound financial decisions.

Oldandtired · 2019-03-29T17:30:26.250Z

You are right. You can hire an accountant to do your tax’s and you can hire an accountant to do financial statement for you.
When they perform this service they do it in two ways.
One way they come to your business and audit your books and make a financial statement or your tax return for you on their findings. When they are done they put a note with the financial statement or tax return that they audited your books and can verify that the information is accurate.
The second way is you hire them and you provide all the information to them. They never come to your office and verify the information they just use what you have provided. When they are done they put a note with the financial statement or tax return that you provided the information that they used. That they did not audit your books and can not verify that the information in accurate.

wonderingrover · 2019-03-29T22:26:22.657Z

Ok, it sounds like some are still confused over the auditor’s opinion portion of an audit. When an auditor performs an audit, part of the final report is their opinion of the reliability of the client’s financial statements. There are generally 3 opinions given:

Unqualified: if an auditor’s note gives an unqualified opinion, the auditor believes the financial statements are generally free from material misstatement (in lay terms, this is a “clean” opinion.)
Qualified: in this opinion, the auditor believes the financial statement are somewhat reliable (reliable except for certain portions, which they will annotate as part of the report.)
Adverse: this is where the auditors state that there are major misstatements in the financial statements, and they note that the misstatements are so severe that the financial statements CANNOT reasonably be relied upon for making decisions.

In the OP example, it sounds like Trump’s organization recieved an Adverse opinion on their financial statement audit.

You can find more about each of these three opinions here:

Investopedia

Auditor's Opinion: Definition, How It Works, Types

A certification provided by the independent auditor of a company's financial records that accompanies and opines on the audited financial statements.