Live Oak Bancshares, Inc. Announces Changes in Auditing Firm

Strategic Insights -

Live Oak Bancshares, Inc. announced on June 1, 2022, that Dixon Hughes Goodman LLP (DHG) had merged with BKD, LLP, and the combined practice would now operate under the name FORVIS, LLP. As a result, FORVIS was appointed as the successor by merger to DHG, becoming the Company's new independent registered public accounting firm. There were no disagreements on accounting principles or practices, financial statement disclosure, or auditing scope or procedure during the two most recent fiscal years and the period leading up to the merger.

Key Takeaways:

  • Live Oak Bancshares, Inc. has changed its auditing firm from Dixon Hughes Goodman LLP (DHG) to FORVIS, LLP.
  • The change occurred on June 1, 2022, as a result of a merger between DHG and BKD, LLP.
  • FORVIS has been appointed as the successor by merger to DHG, becoming the Company's new independent registered public accounting firm.
  • There were no disagreements between DHG and the Company on accounting principles, practices, or auditing scope during the last two fiscal years and the transition period.
  • The Company has provided a copy of the Current Report on Form 8-K to DHG and obtained a letter from FORVIS confirming its agreement with the Company's statements regarding the change in auditing firm.

Statistics:

  • Date of change in auditing firm: June 1, 2022
  • Duration of disagreements with previous auditing firm: None reported during the two most recent fiscal years (2020 and 2021) and the transition period
  • Number of individuals involved in the change: Not specified
  • Name of the new auditing firm: FORVIS, LLP (formerly Dixon Hughes Goodman LLP)

Sources:

  • Form 8-K filed by Live Oak Bancshares, Inc. with the United States Securities and Exchange Commission on June 1, 2022