Business Context and Reporting Period
This Form 8-K is a current report filed by Kentucky First Federal Bancorp (KFFB) on November 22, 2023. The filing discloses a change in the company's independent registered public accounting firm. The company is incorporated in the United States and its common stock trades on The NASDAQ Stock Market LLC under the symbol KFFB.
Financial Metrics
This filing does not contain financial performance data. There are no reported values for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
- Dismissal of Previous Auditor: The Audit Committee approved the dismissal of FORVIS, LLP as the independent registered public accounting firm. FORVIS will not be retained for the fiscal year ending June 30, 2024.
- Appointment of New Auditor: The company engaged Clark Schaefer Hackett to conduct the audit of consolidated financial statements for the fiscal year ending June 30, 2024.
- Audit History: FORVIS's reports for fiscal years ended June 30, 2023, and 2022 contained no adverse opinions, disclaimers, or qualifications. There were no disagreements regarding accounting principles, practices, or audit scope during the two most recent fiscal years or through the date of this report.
- Consultation with New Auditor: The company did not consult with Clark Schaefer Hackett regarding accounting principles or reportable events during the two most recent fiscal years or through the date of this report.
Guidance, Outlook, and Risks
The filing contains no management guidance, financial outlook, or discussion of future risks. The document focuses solely on the procedural change of the external auditor and confirms compliance with Regulation S-K Item 304(a) disclosures regarding the transition.
Key Facts for Investor Verification
- Verify the effective date of the transition from FORVIS, LLP to Clark Schaefer Hackett for the fiscal year ending June 30, 2024.
- Review the letter from FORVIS, LLP (Exhibit 16.1) to confirm their agreement with the company's statements regarding the dismissal.
- Monitor future filings (e.g., 10-K or 10-Q) to assess the impact of the auditor change on the audit timeline or financial reporting quality.
- Confirm that no undisclosed disagreements or reportable events existed between the company and FORVIS prior to dismissal.