Trump Media New Auditor Pick Catapults Obscure Arizona Firm (2)

May 6, 2024, 5:40 PM UTCUpdated: May 6, 2024, 9:49 PM UTC

Semple, Marchal & Cooper LLP, a small Phoenix-based accounting firm, just landed a client that’s bigger by far than all its other audit clients combined: Trump Media & Technology Group Corp.

Trump Media picked the firm after US regulators on Friday shut down its previous auditor, calling that firm a “sham audit mill.” The former president’s much-watched social media startup has a market capitalization of $6.7 billion as of Monday. Semple, Marchal & Cooper has two other Nasdaq-listed companies on its roster, according to data from the US audit regulator.

The firm’s largest client was Quest Resource Holding Corp., a ...

Learn more about Bloomberg Tax or Log In to keep reading:

Learn About Bloomberg Tax

From research to software to news, find what you need to stay ahead.

Already a subscriber?

Log in to keep reading or access research tools.