Aimco Changes Independent Auditor to Ernst & Young

TL;DR

Aimco swapped auditors from PwC to EY, effective May 9th. No drama reported.

AI Summary

Apartment Investment & Management Co. (Aimco) filed an 8-K on May 13, 2024, to report a change in its certifying accountant. The company has dismissed PricewaterhouseCoopers LLP and engaged Ernst & Young LLP as its independent registered public accounting firm, effective May 9, 2024. This change is not related to any disagreements.

Why It Matters

A change in a company's auditor can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting.

Risk Assessment

Risk Level: low — The filing solely reports a change in the company's independent auditor without any indication of disagreements or financial irregularities.

Key Players & Entities

• Apartment Investment & Management Co. (company) — Registrant
• Aimco (company) — Commonly known name for Registrant
• PricewaterhouseCoopers LLP (company) — Former certifying accountant
• Ernst & Young LLP (company) — New certifying accountant
• May 9, 2024 (date) — Effective date of auditor change
• May 13, 2024 (date) — Filing date of the 8-K

FAQ

Filing Documents

• aiv-20240509.htm (8-K) — 69KB
• aiv-ex16_1.htm (EX-16.1) — 3KB
• 0000950170-24-058734.txt ( ) — 221KB
• aiv-20240509.xsd (EX-101.SCH) — 44KB
• aiv-20240509_htm.xml (XML) — 8KB

01

Item 4.01 Changes in Registrant's Certifying Accountant. After conducting a competitive process, on May 9, 2024, the Audit Committee of the Board of Directors (the "Audit Committee") of Apartment Investment and Management Company (the "Company") approved the appointment of Grant Thornton LLP ("Grant Thornton") as the new independent registered public accounting firm for the Company and Aimco OP L.P. (the "Operating Partnership") for the fiscal year ending December 31, 2024. In addition, on May 9, 2024, in connection with the selection of Grant Thornton, the Audit Committee approved the dismissal of Ernst & Young LLP ("E&Y") as the Company's independent registered public accounting firm, effective as of that date. E&Y's reports on the Company's and the Operating Partnership's consolidated financial statements for each of the two years ended December 31, 2023, did not contain an adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended December 31, 2023 and 2022 and in the subsequent interim period through May 9, 2024, there were no "disagreements" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) with E&Y on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreement, if not resolved to the satisfaction of E&Y, would have caused E&Y to make reference to the subject matter of the disagreement in connection with E&Y's report. During the fiscal years ended December 31, 2023 and 2022 and in the subsequent interim period through May 9, 2024, there were no "reportable events" (as defined under Item 304(a)(1)(v) of Regulation S-K). The Company and the Operating Partnership have provided E&Y with a copy of this report and requested that E&Y provide a letter addressed to the U.S. Securities and Exchange Commission indicating whether or not it agrees with the d

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) The following exhibits are filed with this report: Exhibit No. Description 16.1 Letter of Ernst & Young LLP, dated May 13, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Apartment Investment and Management Company Date: May 13, 2024 By: /s/ H. Lynn C. Stanfield H. Lynn C. Stanfield Executive Vice President and Chief Financial Officer AIMCO OP L.P. By: Aimco OP GP, LLC, its general partner By: Apartment Investment and Management Company, its managing member By: /s/ H. Lynn C. Stanfield H. Lynn C. Stanfield Executive Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR