Item 4.01. Changes in Registrant's Certifying Accountant.
(a) Dismissal of Independent Registered Public Accounting Firm
On June 27, 2022, VWF Bancorp, Inc. (the "Company"), the holding company for Van
Wert Federal Savings Bank (the "Bank"), dismissed Wipfli LLP ("Wipfli") as the
Company's independent registered public accounting firm. The Company notified
Wipfli of its dismissal on June 27, 2022 (the "Notice Date"). The decision to
dismiss Wipfli was approved by the Audit Committee of the Company's Board of
Directors. The dismissal was not related to any disagreements with Wipfli on
any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure.
The audit reports of Wipfli on the financial statements of the Bank for each of
the past two fiscal years ended June 30, 2021 and June 30, 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 Company's two most recent fiscal years ended June 30, 2021 and June
30, 2020 and the subsequent interim period from July 1, 2021 through the Notice
Date: (i) there were no disagreements with Wipfli on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope or
procedures which, if not resolved to Wipfli's satisfaction, would have caused
Wipfli to make reference to the subject matter of the disagreement in connection
with its reports, and (ii) there were no "reportable events" as defined in Item
304(a)(1)(v) of Regulation S-K of the Securities and Exchange Commission (the
"SEC").
Before filing this Current Report on Form 8-K with the SEC, the Company provided
Wipfli with a copy of the disclosures contained in this Item 4.01(a) and
requested that Wipfli issue a letter, addressed to the SEC, stating whether
Wipfli agrees with the statements contained in this Item 4.01(a). A copy of
Wipfli's letter dated August 22, 2022, addressed to the SEC, is filed as Exhibit
16.1 to this Current Report on Form 8-K.
(b) Engagement of New Independent Registered Public Accounting Firm
On June 27, 2022 (the "Engagement Date"), the Company engaged FORVIS, LLP
("FORVIS"), successor to BKD, LLP, to serve as the Company's independent
registered public accounting firm for the fiscal year ended June 30, 2022. The
selection of FORVIS was approved by the Audit Committee of the Company's Board
of Directors.
During the Company's two most recent fiscal years ended June 30, 2021 and June
30, 2020 and the subsequent interim period from July 1, 2021 through the
Engagement Date, neither the Company nor anyone on its behalf consulted with
FORVIS 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 FORVIS 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 SEC Regulation S-K Item 304(a)(1)(iv)) or a "reportable event" (as
defined in SEC Regulation S-K Item 304(a)(1)(v)).
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
16.1 Letter of Wipfli LLP dated August 22, 2022
104 Cover Page Interactive Data File (Embedded within Inline XBRL document)
--------------------------------------------------------------------------------
© Edgar Online, source Glimpses