Speaking to reporters outside court this morning, New York Attorney General Letitia James said that today's testimony will demonstrate that Ivanka Trump personally benefited from the fraud that a judge has ruled her family committed.

"We uncovered the scheme and she benefited from it personally," James told reporters. "And Ms. Trump will do all that she can to try to separate herself from his corporation, but she is inextricably tied to the Trump Organization and to these properties that she helped secure financing for."

James has taken a seat in the front row of the courtroom's gallery, feet from her team of lawyers at the state's counsel table.

Louis Solomon, the chief of the New York attorney general's real estate finance division, is expected to lead the questioning of Ivanka Trump.

Solomon led Ivanka's Trump deposition in August 2022, where she denied being involved in her father's financial statements that are at the center of the case.

Earlier in the trial, Solomon led a contentious direct examination of former Trump Organization CFO Allen Weisselberg, who frequently struggled to answer questions about who was responsible for various financial decisions at the company.

Solomon has frequently sparred with Donald Trump's lawyers during the trial, including a heated exchange after multiple members of the state team tested positive for COVID-19 during the proceedings.

"Everything in this courtroom concerns me and my client, including your health," defense lawyer Chris Kise said.

"Thanks for your concern," Solomon responded offhandedly.

Ivanka Trump has arrived at the New York State Supreme Courthouse, where she was greeted by a crowd of photographers ahead of her testimony this morning.

She did not make a statement outside court.

The eldest daughter of former President Trump is scheduled to take the stand at around 10 a.m. ET.

A sizeable group of reporters is huddling outside the New York State Supreme Courthouse in lower Manhattan awaiting the arrival of Ivanka Trump on a chilly 42-degree morning.

Moderately smaller than the crowd that waited her father on Monday, photographers and court reporters are crammed in a narrow maze of metal barriers that police have assembled outside the building for the trial. The security arrangement, which has been utilized any time a Trump family member has appeared in court, has become a regular part of life for reporters covering the trial and a curiosity for tourists exploring downtown New York.

"Is this the line to see Donald Trump?" a passerby asked this morning.

"Yes, but he's not here today," a reporter responded to the visibly disappointed tourist.

State attorney Kevin Wallace concluded his direct examination of the New York attorney general's second and final rebuttal witness amid frequent objections by defense lawyers.

Lewis attempted to explain how Donald Trump's statements of financial condition failed to disclose that he did not conduct a discounted cash flow analysis, contributing to the over-valuation of some of his assets.

"There is no mention of discounting or future value in the disclosure," Lewis said, disagreeing with testimony from defense expert Jason Flemmons -- as well as former Mazars USA accountant Donald Bender, who testified as a state witness.

“Are you impeaching your own witness?” Engoron asked state attorneys regarding whether Bender’s testimony should no longer be considered credible.

"We didn't feel the need to," Wallace responded.

Lewis also suggested that Trump's external accountants at Mazars had less of an obligation to highlight issues that Flemmons suggested, since they were only conducting a compilation report rather than a more intensive audit. While Mazars had an obligation to flag obvious issues, they were not responsible for ensuring Trump's statements were compliant with generally accepted accounting principles, he testified.

"If while doing the compilation ... something comes to the attention of the accounts that could be a GAAP departure, they have a responsibility to bring that issue to the client," Lewis said regarding generally accepted accounting principles.

During the hour-long direct examination, defense lawyers objected at least 14 times, successfully interrupting the line of questions.

"I am lost," Engoron asked at one point. "Can you put this together?"

The parade of objections visibly irritating Wallace, who voiced his displeasure.

"Petulant outbursts don't really play well in the courtroom," quipped Trump lawyer Chris Kise in response.