Former President Donald Trump s longtime accounting firm has dropped the family business as its client amid New York prosecutors multiple escalating investigations into whether Trump overvalued his assets in financial statements.

On Feb. 9, accounting firm Mazars USAs William Kelly sent a letter to Trump Organization executive vice president and chief legal officer Alan Garten notifying him of the firms decision to cut ties with the company. Mazars also said that the financial statements it prepared for Trump between June 30, 2011, and June 30, 2020, should no longer be relied upon.

The letter was included in a court document filed Monday by New York Attorney General Letitia James office, and reveals that Trumps accountants are essentially washing their hands of the former president by claiming they acted in good faith based on information Trump gave them.

We have come to this conclusion based, in part, upon the filings made by the New York Attorney General on January 18, 2022, our own investigation, and information received from internal and external sources, Kelly wrote. While we have not concluded that the various financial statements, as a whole, contain material discrepancies, based upon the totality of the circumstances, we believe our advice to you to no longer rely upon those financial statements is appropriate.

A Trump Organization spokesperson said that the company is disappointed that Mazars has chosen to part ways, but the accounting firms Feb. 9 letter confirms that Mazars work has performed in accordance with all applicable accounting standards and principles and that such statements of financial condition do not contain any material discrepancies.

This confirmation effectively renders the investigations by the DA and the AG moot, the spokesperson said.