other material
confidence high
sentiment neutral
materiality 0.30
Ames National auditor CLA to decline reappointment after 2022 audit; company to select new auditor for 2023
AMES NATIONAL CORP
- CLA informed company on Aug 8, 2022, it will not stand for reappointment after 2022 audit due to ceasing certain audit services.
- Audit committee initiated process to select a new independent auditor for the 2023 audit cycle.
- No disagreements or reportable events existed during 2020, 2021, or through Aug 8, 2022.
- CLA's audit reports for 2020 and 2021 were unqualified and not modified.
- CLA provided a letter agreeing with the disclosure, attached as Exhibit 16.1.