Business Context and Reporting Period
This Form 8-K filing by Landmark Bancorp, Inc. (Delaware) reports a corporate governance event dated September 26, 2014. The filing addresses a change in the Company's independent registered public accounting firm following a competitive review by the Audit Committee.
Key Financial Metrics
The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. This report focuses exclusively on the transition of the external auditor and does not contain financial performance data.
Material Changes
- Dismissal of Former Accountant: On September 26, 2014, the Company dismissed KPMG LLP as its principal independent registered public accounting firm.
- Engagement of New Accountant: On October 1, 2014, the Company formally engaged Crowe Chizek LLP to serve as the new independent registered public accounting firm.
- Audit History: No audit reports from KPMG LLP for the past two years contained adverse opinions, disclaimers, or qualifications regarding uncertainty, scope, or accounting principles.
Management Commentary, Risks, and Contingencies
The Company confirmed there were no disagreements with KPMG LLP regarding accounting principles, financial statement disclosures, or auditing scope during the two most recent fiscal years and the subsequent interim period. Additionally, no reportable events occurred during this timeframe. The Company provided KPMG LLP with a copy of this Form 8-K prior to filing; KPMG LLP's response letter, dated October 2, 2014, is attached as Exhibit 16.1. No consultations regarding accounting principles or audit opinions were made with Crowe Chizek LLP prior to their engagement.
Investor Verification Checklist
- Review Exhibit 16.1 (Former Accountant's Letter) to confirm KPMG LLP's agreement with the Company's statements regarding the dismissal.
- Verify the effective date of the new audit engagement with Crowe Chizek LLP (October 1, 2014).
- Monitor future filings (10-K/10-Q) to assess the impact of the auditor change on financial reporting consistency.