Atlantic American Corporation Announces Merger of Independent Registered Public Accounting Firm

Strategic Insights -

Atlantic American Corporation has reported that its independent registered public accounting firm, Dixon Hughes Goodman LLP, has completed a merger with BKD, LLP, effective June 1, 2022. The combined firm now operates under the name FORVIS, LLP. The audit report of DHG on the consolidated financial statements of the Company as of and for the years ended December 31, 2021 and 2020 did not contain an adverse opinion or a disclaimer of opinion and was not qualified or modified as to uncertainty, audit scope or accounting principles.

The Company has confirmed that there were no disagreements between the Company and DHG on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedures. Additionally, during the fiscal years ended December 31, 2021 and 2020 and the subsequent period through the date of this Current Report on Form 8-K, neither the Company nor anyone on its behalf consulted BKD regarding the application of accounting principles to a specified transaction or the type of audit opinion that might be rendered on the Company's financial statements.

Key Takeaways:

  • The merger of Dixon Hughes Goodman LLP with BKD, LLP has resulted in the creation of a new auditing firm, FORVIS, LLP.
  • The audit report of the former independent registered public accounting firm, DHG, did not contain any adverse opinions or disclaimers.
  • The Company has confirmed that there were no disagreements with the former auditor on matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedures.
  • The Company did not consult with BKD regarding the application of accounting principles to a specified transaction or the type of audit opinion that might be rendered on the Company's financial statements.
  • The Company has requested a letter from FORVIS, as successor to DHG, stating whether or not it agrees with the Company's statements in connection with the merger.

Statistics:

  • Fiscal years ended December 31, 2021 and 2020: no disagreements between the Company and DHG on any matters of accounting principles or practices, financial statement disclosure, or auditing scope or procedures.
  • The subsequent period through the date of this Current Report on Form 8-K: no consultations with BKD regarding the application of accounting principles to a specified transaction or the type of audit opinion that might be rendered on the Company's financial statements.

Sources:

  • Atlantic American Corporation. (June 3, 2022). Current Report on Form 8-K. Filed with the U.S. Securities and Exchange Commission.
  • FORVIS, LLP. (June 3, 2022). Letter to the Securities and Exchange Commission. Filed as Exhibit 16.1 to Atlantic American Corporation's Current Report on Form 8-K.