GSE Systems, Inc. Announces Merger of Audit Firms

GSE Systems, Inc., a company that provides engineering, procurement, and construction management services to the power and process industries, has announced that its current independent registered public accounting firm, Dixon Hughes Goodman LLP, has merged with BKD LLP. Following the merger, the surviving entity will be named FORVIS, LLP. The Audit Committee of GSE Systems' Board of Directors has confirmed FORVIS as the company's new independent registered public accounting firm, effective June 1, 2022. This change is in accordance with the requirements of the Securities Exchange Act of 1934.

Key Takeaways:

• GSE Systems, Inc. has completed a merger of its audit firms, with Dixon Hughes Goodman LLP merging into BKD LLP, resulting in the new entity FORVIS, LLP.
• FORVIS will serve as the company's independent registered public accounting firm for the fiscal year ended December 31, 2022.
• The audit report of the previous firm, DHG, did not contain any adverse opinion or disclaimer of opinion and was not qualified or modified.
• There were no disagreements between the company and the previous firm on matters of accounting principles or practices, financial statement disclosure, or auditing scope.
• FORVIS has agreed with the statements in the Form 8-K filing regarding the merger of the audit firms.

Statistics:

• Date of the merger: June 1, 2022
• Fiscal year end: December 31, 2022
• Previous firm: Dixon Hughes Goodman LLP
• New firm: FORVIS, LLP
• Number of years the previous firm served as independent registered public accounting firm: 2 years (2021 and 2020)

Sources:

• GSE Systems, Inc. (Form 8-K dated June 1, 2022)
• U.S. Securities and Exchange Commission reference (June 1, 2022)
• FORVIS, LLP (formerly, Dixon Hughes Goodman LLP) (dated June 1, 2022)