CB Financial Services, Inc. current report, 01 October 2014

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CB Financial Services, Inc. - Form 8-K Summary

Business Context and Reporting Period

This Current Report on Form 8-K was filed by CB Financial Services, Inc. on October 1, 2014. The report discloses a change in the Company's independent registered public accounting firm.

Key Financial Metrics

The filing text does not provide a clear value for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on auditor changes and does not contain financial performance data.

Material Changes

  • Resignation of Auditor: ParenteBeard LLC resigned as the Company's independent registered public accounting firm on October 1, 2014.
  • Appointment of New Auditor: Baker Tilly Virchow Krause LLP was engaged as the new independent registered public accounting firm, effective October 1, 2014.
  • Reason for Change: The change resulted from the combination of ParenteBeard's audit practice with Baker Tilly Virchow Krause LLP.
  • Audit History: The reports issued by ParenteBeard for the fiscal years ended December 31, 2013, and 2012, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
  • Disagreements: There were no disagreements with ParenteBeard on accounting principles, practices, or auditing scope during the relevant periods.

Guidance, Outlook, and Risks

The filing does not contain management guidance, outlook, or specific risk factors related to financial performance. The Company confirmed that no consultations occurred with Baker Tilly regarding accounting principles or audit opinions prior to engagement.

Investor Verification Checklist

  • Verify the transition timeline and continuity of audit services between ParenteBeard and Baker Tilly.
  • Review the letter of concurrence from ParenteBeard (Exhibit 16.1) to confirm their agreement with the statements regarding the resignation.
  • Monitor future filings for the first audit report issued by Baker Tilly Virchow Krause LLP.
  • Confirm that no undisclosed disagreements existed between the Company and the former auditor.