Item 4.01 Changes in Registrant's Certifying Accountant.
(a) Dismissal of Independent Registered Public Accounting Firm
On September 14, 2022 ("Effective Date"), the Audit Committee ("Audit
Committee") of the Board of Directors ("Board") of the Registrant and the full
Board, approved the dismissal of Plante & Moran, PLLC ("Plante Moran") following
the completion of the year ended August 31, 2022 consolidated financial
statement audit. Plante Moran was notified of the dismissal on September 15,
2022. The reports of Plante Moran on the Registrant's consolidated financial
statements as of and for the years ended August 31, 2021 and 2020, did not
contain an adverse opinion or a disclaimer of opinion and were not qualified or
modified as to uncertainty, audit scope or accounting principles.
During the Registrant's fiscal years ended August 31, 2021 and 2020 and through
the date of this Current Report on Form 8-K, there were no disagreements between
the Registrant and Plante Moran on any matter of accounting principles or
practices, financial statement disclosure or auditing scope or procedure which,
if not resolved to Plante Moran's satisfaction, would have caused Plante Moran
to make reference to the subject matter of the disagreement in connection with
its reports for such fiscal years. Additionally, there were no reportable
events as defined in Item 304(a)(1)(v) of Regulation S-K, except as previously
disclosed for the year ended August 31, 2021, and the three quarterly interim
periods ended May 31, 2022, Registrant's management identified a weakness in
spreadsheet controls resulting in a material weakness in the Registrant's
internal control over financial reporting, which Plante Moran concurred with.
The Registrant has provided Plante Moran with a copy of the disclosures in this
Current Report on Form 8-K prior to its filing with the Securities and Exchange
Commission ("SEC") and has requested that Plante Moran furnish the Registrant
with a letter addressed to the SEC stating whether Plante Moran agrees with the
above statements. A copy of Plante Moran's letter, dated September 19, 2022, is
filed as Exhibit 16.1 to this Current Report on Form 8-K.
(b) Engagement of New Independent Registered Public Accounting Firm
Effective September 14, 2022, the Audit Committee and the full Board engaged
FORVIS, LLP ("FORVIS") as the Registrant's new independent registered public
accounting firm commencing with its quarter ending November 30, 2022 and its
fiscal year ending August 31, 2023.
During the years ended August 31, 2021 and 2020 and the subsequent interim
period through the Effective Date, neither the Registrant nor anyone on its
behalf consulted with FORVIS regarding (i) the application of accounting
principles to a specific transaction, either completed or proposed, (ii) the
type of audit opinion that might be rendered on the Registrant's financial
statements, and neither a written report nor oral advice was provided to the
Registrant that FORVIS concluded was an important factor considered by the
Registrant in reaching a decision as to accounting, auditing or financial
reporting issues, (iii) any matter that was the subject of a disagreement (as
defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions),
or (iv) any "reportable event" (as described in Item 304(a)(1)(v) of Regulation
S-K).
Item 9.01Financial Statements and Exhibits.
(d)Exhibits
Exhibit No. Description
16.1 Letter from Plante & Moran, PLLC
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