Reply to More Trump fraud: businesses keep 2 sets of numbers, one for taxes, the other to get loans

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[quote=Anonymous]I am with the cautious and patient accountant here.

Prop Publica's investigation seems to have consisted of showing the documents to "a dozen real estate professionals."  Not one appears to have been an accountant.  Rather, they all seem to be lawyers, real estate finance professors, and even, for some reason an appraiser/paralegal.

The one accountant quoted appears to have been interviewed by Pro Publica and does not seem to have seen the underlying documents.

Investigating these documents would be a job for a forensic accountant, a somewhat rare specialty among accountants. No accountant I know, and I work closely with a number of accountants, would put any stock whatsoever in this article.  It simply is not convincing from an accounting point of view and raises more questions than it answers.

This is not to say there is no fraud as accounting PP keeps insisting to resistant DCUM ears.  There may well be, but this article is all innuendo and should not be viewed as based on solid accounting fact finding.[/quote]

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