GSA flagged issues with Trump's financial statements
Steven Collins, an expert in contract procurement, testified that the federal government's General Services Administration -- which reviewed Donald Trump's proposal to renovate the Old Post Office in Washington, D.C. -- identified issues in Donald Trump's statement of financial condition.
"Financial statements provided by Mr. Trump was qualified by his accountants as not complying with GAAP" or generally accepted accounting principles, a GSA document entered into evidence said about a "notable weakness" of Trump's proposal.
![](https://i.abcnewsfe.com/a/f8a9862e-eb4f-4631-a084-d9fad2b12674/trump-international-hotel-1-gty-thg-180309_hpMain_9.jpg)
However, said Collins, Trump's financial capability as reflected in the statements comprised no more than 15% of the evaluation factors considered by the GSA, which more heavily weighed Trump's site plan and financial offer in ultimately deciding to award Trump the contract.
Collins testified for roughly an hour for the defense and faced no questions during cross-examination.