other material
confidence high
sentiment neutral
materiality 0.50
Southern California Bancorp auditor Eide Bailly to decline reappointment for FY2024; exiting bank audit practice
California BanCorp \ CA
- Eide Bailly LLP notified Company on Nov 17, 2023, that it is exiting financial institution SEC audit practice.
- Eide Bailly will not stand for reappointment for the year ending Dec 31, 2024, but will complete 2023 audit and Q1 2024 review.
- No disagreements or reportable events occurred during 2021, 2022, or subsequent interim periods.
- Company expects to engage a new auditor in time for the Q2 2024 interim review.
- Eide Bailly furnished a letter agreeing with the Company's statements, filed as Exhibit 16.1.