Business Context and Reporting Period
Company: Kentucky First Federal Bancorp
Filing Type: Form 8-K (Current Report)
Date of Report: September 28, 2017
Event Date: September 28, 2017 (Appointment of new auditor); September 29, 2017 (Dismissal of previous auditor)
Context: The filing reports a change in the registrant's independent registered public accounting firm for the fiscal year ending June 30, 2018.
Key Financial Metrics
This Form 8-K does not contain financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The filing is strictly procedural regarding the change of auditors.
Material Changes
- Dismissal of Previous Auditor: On September 29, 2017, the company dismissed Crowe Horwath, LLP based on the recommendation of the Audit Committee.
- Appointment of New Auditor: On September 28, 2017, the company engaged BKD, LLP to conduct the audit for the fiscal year ending June 30, 2018.
- Audit History: Crowe Horwath's reports for fiscal years ended June 30, 2017, and 2016 contained no adverse opinions, disclaimers, or qualifications.
- Disagreements: There were no disagreements with Crowe Horwath regarding accounting principles, financial statement disclosure, or auditing scope during the two most recent fiscal years or through September 29, 2017.
- Reportable Events: No "reportable events" as defined in Regulation S-K occurred during the relevant periods.
- Consultation with New Auditor: The registrant did not consult with BKD, LLP regarding accounting principles or reportable events prior to their appointment.
Guidance, Outlook, and Risks
The filing does not provide financial guidance, outlook, or management commentary on business operations. The primary risk disclosed is the change in the independent auditor, though the company explicitly states there were no underlying disagreements or reportable events necessitating the change.
Investor Verification Checklist
- Verify the letter from Crowe Horwath, LLP (Exhibit 16.1) to confirm they agree with the registrant's statements regarding the dismissal.
- Confirm the effective date of BKD, LLP's engagement for the fiscal year ending June 30, 2018.
- Review the Audit Committee's rationale for the change, as the filing states the change was based on their recommendation but does not detail the specific reasons.
- Check subsequent filings (e.g., 10-K or 10-Q) for the first financial statements audited by BKD, LLP to ensure continuity in reporting standards.