Business Context and Reporting Period
This Form 8-K Current Report was filed by Home Federal Bancorp, Inc. of Louisiana on February 2, 2024. The filing addresses a change in the Company's independent registered public accounting firm.
Key Financial Metrics
This filing does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly procedural regarding the appointment of auditors.
Material Changes
- Dismissal of Former Auditor: The Company dismissed FORVIS, LLP as its independent registered public accounting firm, effective February 2, 2024.
- Appointment of New Auditor: The Company selected Carr, Riggs & Ingram, LLC ("CRI") to serve as the independent registered public accounting firm for the fiscal year ending June 30, 2024.
- Approval: The decision to change auditors was approved by the Audit Committee of the Board of Directors.
Management Commentary, Risks, and Contingencies
- Audit History: FORVIS, LLP audited the consolidated financial statements for the years ended June 30, 2023, and 2022. Their reports contained no adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles.
- Disagreements: The Company reported no disagreements with FORVIS, LLP on accounting principles, practices, financial statement disclosures, or auditing scope/procedures during the two years ended June 30, 2023, or from June 30, 2023, through the Notice Date.
- Reportable Events: There were no "reportable events" as defined in Item 304(a)(1)(v) of Regulation S-K during the relevant periods.
- Consultation with New Auditor: The Company confirmed that neither it nor anyone on its behalf consulted CRI regarding accounting or auditing issues, including the application of accounting principles or potential audit opinions, prior to the appointment.
- Former Auditor Response: FORVIS, LLP provided a letter to the SEC dated February 2, 2024, agreeing with the statements made by the Company in this report (attached as Exhibit 16.1).
Investor Verification Checklist
- Verify the effective date of the new engagement letter with Carr, Riggs & Ingram, LLC.
- Review the attached letter from FORVIS, LLP (Exhibit 16.1) for any additional context not summarized in the main text.
- Monitor future filings for the first financial statements audited by the new firm to ensure continuity in reporting standards.
- Confirm that no undisclosed disagreements or reportable events exist by cross-referencing with the most recent 10-K or 10-Q filings.