So, I keep hitting refresh on DJT stock. We all have our guilty pleasures, eh? Anyway: up pops a nice Bloomberg piece:
Trump Media’s Accounting Firm Has History of Audit Deficiencies
(Bloomberg) -- Donald Trump’s social-media company just became the most valuable publicly traded client of an accounting firm that has more experience auditing companies traded over-the-counter and has had a string of regulatory issues, including a 100% deficiency rate on audits reviewed by a US watchdog. (Emphasis added)
Trump Media & Technology Group Corp. said in recent regulatory filings that it will keep BF Borgers, a Lakewood, Colorado-based accounting firm, as its auditor after starting to trade publicly late last month. A Canadian regulator said last year that BF Borgers violated its rules for auditors, while the US’s Public Company Accounting Oversight Board found multiple deficiencies in every audit it reviewed from the firm over the past two annual checks.
Hiring only the best is a consistent pattern. And I see that Trump plans to keep this firm on. So, investors can relax. Bless their hearts.
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Update:
If you say, “100% deficiency “ really fast, it can sound like, “100% efficiency “; so Trump may be now associated breaking the second law of thermodynamics.
Inter alia.