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Accounting firm: Trump financial statements aren’t reliable

Accounting firm: Trump financial statements aren’t reliable

Kelly said Mazars performed his work on Trump’s financial statements “in accordance with professional standards” but that it could no longer stand by the documents in light of James’ findings and his own investigation. Mazars’ conclusions applied to Trump’s financial statements for 2011 to 2020, Kelly said. Another accounting firm handled Trump’s 2021 financial statement, … Read more

Peloton boss John Foley steps down as firm cuts 2,800 jobs amid post-lockdown sales slump

Peloton boss John Foley steps down as firm cuts 2,800 jobs amid post-lockdown sales slump

The co-founder of exercise company Peloton is to step down as the firm announced plans to cut 2,800 jobs. John Foley, who has been the firm’s chief executive for a decade, will be replaced by Barry McCarthy, the former chief financial officer of Spotify. Peloton, which sells indoor exercise bikes with a large touchscreen for … Read more