Clipper Realty dismisses BDO, engages PKF O'Connor Davies as new auditor

Clipper Realty Inc.

Effective September 29, 2022, dismissed BDO USA and engaged PKF O'Connor Davies for fiscal year 2022.
No disagreements with BDO on accounting principles or audit scope during 2020-2021 and interim periods.
Prior material weakness in internal controls (2020) was remediated before issuance of 2021 10-K.
No consultations with PKF on accounting or audit matters before engagement.
BDO's audit reports for 2020 and 2021 were unqualified with no adverse opinions.

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