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<blockquote data-quote="iluvatar5150" data-source="post: 77653938" data-attributes="member: 313046"><p>Speaking of their auditor, BF Borger:</p><p>[URL unfurl="true"]https://www.businessinsider.com/trump-media-auditor-misspelt-name-14-different-ways-ft-2024-4[/URL]</p><p></p><p style="margin-left: 20px">Ben F Borgers, the founder and managing partner of the accounting firm BF Borgers, spelled his name in 14 different ways in regulatory filings, the Financial Times reported, citing data it had reviewed from the Public Company Accounting Oversight Board.</p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px">Some variations, like Ben F Brogers and Ben F orgers, appeared to be minor spelling mistakes. But others, like Blake F Borgers and Ben F Vonesh, were entirely different names.</p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px">These spelling snafus aren't the first time Borgers' work has been scrutinized.</p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px">The Public Company Accounting Oversight Board said it identified multiple deficiencies in every audit it had received from Borgers' accounting firm in the past two years, <a href="https://12ft.io/proxy?q=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2024-04-08%2Ftrump-media-s-accounting-firm-has-history-of-audit-deficiencies" target="_blank">Bloomberg</a> reported on April 8.</p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px">In November, Borgers' firm was also removed from the <a href="https://12ft.io/proxy?q=https%3A%2F%2Fus.aicpa.org%2Fforthepublic%2Fprfirmterm%2F2023peerreviewfirmterminations.html" target="_blank">American Institute of Certified Public Accountants' peer review program</a>.</p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px">BF Borgers, the organization said, was "so seriously deficient in its performance that education and remedial, corrective actions are not adequate."</p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px"></p> <p style="margin-left: 20px">Trump Media & Technology Group engaged BF Borgers as its auditor in January 2022, after their previous auditor, WithumSmith+Brown, <a href="https://12ft.io/proxy?q=https%3A%2F%2Fwww.businessinsider.com%2Faccounting-firm-ditched-truth-social-after-less-than-a-year-2024-4" target="_blank">quit just months after being appointed</a>.</p> <p style="margin-left: 20px"></p><p>Speculation on Reddit (or maybe it's not speculation, if they've read the reports) is that Mr Forger is farming out these audits to low-cost foreign firms, rubber-stamping the results, and pocketing the difference.</p></blockquote><p></p>
[QUOTE="iluvatar5150, post: 77653938, member: 313046"] Speaking of their auditor, BF Borger: [URL unfurl="true"]https://www.businessinsider.com/trump-media-auditor-misspelt-name-14-different-ways-ft-2024-4[/URL] [INDENT]Ben F Borgers, the founder and managing partner of the accounting firm BF Borgers, spelled his name in 14 different ways in regulatory filings, the Financial Times reported, citing data it had reviewed from the Public Company Accounting Oversight Board.[/INDENT] [INDENT][/INDENT] [INDENT]Some variations, like Ben F Brogers and Ben F orgers, appeared to be minor spelling mistakes. But others, like Blake F Borgers and Ben F Vonesh, were entirely different names.[/INDENT] [INDENT][/INDENT] [INDENT][/INDENT] [INDENT]These spelling snafus aren't the first time Borgers' work has been scrutinized.[/INDENT] [INDENT][/INDENT] [INDENT]The Public Company Accounting Oversight Board said it identified multiple deficiencies in every audit it had received from Borgers' accounting firm in the past two years, [URL='https://12ft.io/proxy?q=https%3A%2F%2Fwww.bloomberg.com%2Fnews%2Farticles%2F2024-04-08%2Ftrump-media-s-accounting-firm-has-history-of-audit-deficiencies']Bloomberg[/URL] reported on April 8.[/INDENT] [INDENT][/INDENT] [INDENT]In November, Borgers' firm was also removed from the [URL='https://12ft.io/proxy?q=https%3A%2F%2Fus.aicpa.org%2Fforthepublic%2Fprfirmterm%2F2023peerreviewfirmterminations.html']American Institute of Certified Public Accountants' peer review program[/URL].[/INDENT] [INDENT][/INDENT] [INDENT]BF Borgers, the organization said, was "so seriously deficient in its performance that education and remedial, corrective actions are not adequate."[/INDENT] [INDENT][/INDENT] [INDENT][/INDENT] [INDENT]Trump Media & Technology Group engaged BF Borgers as its auditor in January 2022, after their previous auditor, WithumSmith+Brown, [URL='https://12ft.io/proxy?q=https%3A%2F%2Fwww.businessinsider.com%2Faccounting-firm-ditched-truth-social-after-less-than-a-year-2024-4']quit just months after being appointed[/URL].[/INDENT] [INDENT][/INDENT] Speculation on Reddit (or maybe it's not speculation, if they've read the reports) is that Mr Forger is farming out these audits to low-cost foreign firms, rubber-stamping the results, and pocketing the difference. [/QUOTE]
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