other material
confidence high
sentiment negative
materiality 0.65
Primis Financial Corp. (FRST): auditor change — Primis Financial appoints Crowe as new auditor after Forvis declines reappointment; prior SEC consultation on accounting
Primis Financial Corp.
- Forvis Mazars declined reappointment as auditor for FY 2024; notified Sep 17, 2024.
- Audit Committee appointed Crowe LLP on Sep 19, 2024; Crowe accepted Oct 16, 2024.
- SEC consultation completed Aug 9, 2024 led to revision of 2022/2023 financials for consumer loan agreement accounting.
- Forvis will continue to audit restated interim periods for 2023 and review Q1 2024 interim.
- Crowe had been consulted in 2022 on revenue/expense allocations for the agreement but did not opine on conclusions.