COUNTY BANCORP, INC. (NASDAQ:ICBK) Files An 8-K Changes in Registrant’s Certifying Accountant
Item 4.01 Changes in Registrant’s Certifying Accountant.
CliftonLarsonAllen LLP (“CLA”) was previously the principal accountants for County Bancorp, Inc. (the “Company”).On December 18, 2018, CLA was dismissed as the Company’s independent registered public accounting firm, due to issues regarding CLA’s independence with respect to the Company that are anticipated to result from a pending transaction between CLA and Schenck S.C.The decision to change accountants was recommended by the Audit Committee of the Board of Directors.
The audit reports of CLA on the Company’s consolidated financial statements as of and for the years ended December 31, 2017 and 2016 did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope or accounting principles.
During the two fiscal years ended December 31, 2017, and the subsequent interim period through December 18, 2018, there were no (i) “disagreements” (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between the Company and CLA on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of CLA would have caused it to make reference in connection with its opinion to the subject matter of such disagreements, or (ii) “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K).
The Company has provided CLA with a copy of the foregoing disclosures and requested that CLA furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether or not it agrees with such disclosures.A copy of CLA’s letter is attached as Exhibit 16.1 hereto.
On December 18, 2018, the Audit Committee engaged Plante & Moran, PLLC (“Plante Moran”) to serve as the Company’s independent registered public accounting firm for the year ending December 31, 2018.During the years ended December 31, 2017 and 2016, and the subsequent interim period through December 18, 2018, neither the Company nor anyone acting on its behalf has consulted with Plante Moran regarding either (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company’s consolidated financial statements, and neither a written report nor oral advice was provided to the Company that Plante Moran concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a “disagreement” (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or “reportable event” (as defined in Item 304(a)(1)(v) of Regulation S-K).
Item 9.01 Financial Statements and Exhibits.
County Bancorp, Inc. Exhibit
EX-16.1 2 icbk-ex161_7.htm EX-16.1 CLA LETTER TO SEC icbk-ex161_7.htm EXHIBIT 16.1 CLA (CliftonLarsonAllen LLP) 5550 Wild Rose Lane,…
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About COUNTY BANCORP, INC. (NASDAQ:ICBK)
County Bancorp, Inc. is a bank holding company. The Company’s primary activities consist of holding the stock of its subsidiary bank, Investors Community Bank (the Bank), and providing banking and related business activities through the Bank and its other subsidiaries. It operates in the community banking segment. The Bank is an independent community bank offering financial services focusing on the needs of agricultural businesses, with a primary focus on dairy-related lending with lending relationships in over 60 Wisconsin counties. It also serves business and retail customers throughout Wisconsin, but is focused on northeastern and central Wisconsin. Its customers are served from its service branches in Manitowoc and Stevens Point, and its loan production offices located in Darlington, Eau Claire, Fond du Lac, and Sheboygan. Its subsidiaries include Investors Insurance Services, LLC, County Bancorp Statutory Trust II, County Bancorp Statutory Trust III and County Acquisition LLC.
