Rare Rebuke of Trump Financial Statements Sets Up Showdown

Mazars USA LLP’s disavowal of a decade’s worth of Trump Organization financial statements was not only a rarely seen rebuke of a private company accounting client, but also a key turning point for the New York accounting firm.

Mazars, now separate from its high-profile client, must navigate on its own how much to cooperate with prosecutors and fend off potential civil and criminal charges.

While it’s not unusual for firms to part ways with a client, it’s rare to disavow the client when firing them. It’s rare to determine that ten fiscal years ...