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][quote=Anonymous][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]
Yes, we are aware that a news article is not a financial statement.  [b]But you don't need to be an accountant to recognize that inflating your income for banks while deflating it for the IRS is suspicious[/b].  Couple that with Trump's obvious lie that can't release ANY tax returns because he has.been under audit for like the last 50 years and a reasonable person would conclude that he has something to hide.  Unless you are an accountant, which apparently prohibits you from observing empty cookie jars without a certified cookie ledger and a memo from the forensics department.[/quote]

Ha! I would say it is necessary for someone to [b]not[/b] be an accountant in order to find this suspicious. Any accountant who has done tax or audit work would not find it inherently suspicious to have different income reported for tax vs business purposes. You literally have to be ignorant on the topic in order to hold the view that the mere existence of different figures is inherently suspicious. Yet somehow in this thread, such ignorance is celebrated and worn as a badge of honor.
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