Business Context and Reporting Period
This Form 8-K filing by Hometrust Bancshares, Inc. (HTBI) reports a corporate event dated June 1, 2022. The filing addresses a change in the Company's independent registered public accounting firm resulting from a merger between its previous auditor and another firm.
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
- Change in Certifying Accountant: The Company's previous auditor, Dixon Hughes Goodman LLP ("DHG"), merged with BKD, LLP on June 1, 2022.
- Successor Firm: The combined practice now operates as FORVIS, LLP, which became the Company's independent registered public accounting firm effective June 1, 2022.
- Audit Committee Action: The Audit Committee was notified of the merger and determined that no further action was required to approve the continuation of the engagement.
Guidance, Outlook, and Risks
Audit History and Disagreements:
- Audit reports for fiscal years ended June 30, 2021, and 2020 did not contain adverse opinions, disclaimers, or qualifications.
- The 2021 audit report included an explanatory paragraph regarding the adoption of Accounting Standards Codification Topic 326 (Credit Losses).
- There were no disagreements with DHG regarding accounting principles, practices, or auditing scope during the relevant periods.
- No "reportable events" occurred during the fiscal years ended June 30, 2021 and 2020, or the interim period through May 31, 2022.
- The Company did not consult with FORVIS regarding accounting applications or potential audit opinions during the specified periods.
Confirmation: FORVIS, LLP provided a letter dated June 7, 2022, agreeing with the statements made in this filing.
Key Facts for Investor Verification
- Verify the effective date of the auditor transition to FORVIS, LLP (June 1, 2022).
- Confirm that the Audit Committee approved the continuation of the engagement without additional action.
- Note the absence of any reported disagreements or reportable events with the former auditor, DHG.
- Review the attached Exhibit 16.1 (Letter from FORVIS) for the auditor's formal concurrence.