Business Context and Reporting Period
This Form 8-K is a current report filed by B of I Holding, Inc. (not Axos Financial, Inc.) on October 5, 2005. The filing discloses a change in the company's independent registered public accounting firm.
Key Financial Metrics
The filing text does not provide specific financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The document focuses exclusively on the administrative change of auditors.
Material Changes
- Dismissal of Auditor: On October 5, 2005, the company dismissed Deloitte & Touche, LLP as its independent registered public accounting firm.
- Engagement of New Auditor: On the same date, the company engaged Crowe Chizek and Company LLC to audit its financial statements for the current fiscal year.
- Audit Committee Approval: Both the dismissal and the new engagement were approved by the Registrant's Audit Committee.
Management Commentary and Risks
Management stated that the audit reports issued by Deloitte for the fiscal years ended June 30, 2005, and 2004, did not contain adverse opinions, disclaimers, or qualifications regarding uncertainty, audit scope, or accounting principles. The company reported no disagreements with Deloitte during the relevant period on matters of accounting principles, financial statement disclosure, or auditing scope. Additionally, no reportable events as defined in Regulation S-K Item 304(a)(1)(v) occurred during the relevant period. The company confirmed that no consultations with the new auditor, Crowe Chizek, occurred regarding accounting principles or reportable events prior to their engagement.
Investor Verification Checklist
- Verify the receipt of the letter from Deloitte & Touche, LLP, which the company intends to file as an amendment to this 8-K within 10 business days.
- Confirm the effective date of the new engagement with Crowe Chizek and Company LLC.
- Review subsequent filings to ensure no undisclosed disagreements or reportable events are later revealed.