Southern California Bancorp Appoints New Auditor
Ticker: BCAL · Form: 8-K · Filed: Apr 3, 2024 · CIK: 1795815
| Field | Detail |
|---|---|
| Company | Southern California Bancorp \ Ca (BCAL) |
| Form Type | 8-K |
| Filed Date | Apr 3, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
SoCal Bancorp switches auditors to CohnReznick LLP for FY2024, no disagreements cited.
AI Summary
Southern California Bancorp announced on April 2, 2024, that it has appointed a new independent registered public accounting firm, CohnReznick LLP, to audit its financial statements for the fiscal year ending December 31, 2024. This change follows the resignation of the previous auditor, BDO USA, LLP. The company stated that the decision to change auditors was not a result of any disagreements with BDO USA, LLP.
Why It Matters
Changing auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors will monitor.
Risk Assessment
Risk Level: low — The filing is a routine change of auditor and does not indicate any immediate financial distress or significant operational changes.
Key Players & Entities
- Southern California Bancorp (company) — Registrant
- CohnReznick LLP (company) — New independent registered public accounting firm
- BDO USA, LLP (company) — Previous independent registered public accounting firm
- April 2, 2024 (date) — Date of earliest event reported
- December 31, 2024 (date) — Fiscal year ending
FAQ
When did Southern California Bancorp's previous auditor resign?
The filing does not state the exact resignation date of BDO USA, LLP, only that CohnReznick LLP was appointed as the new auditor on April 2, 2024.
What is the fiscal year for which CohnReznick LLP will be the auditor?
CohnReznick LLP has been appointed to audit Southern California Bancorp's financial statements for the fiscal year ending December 31, 2024.
Were there any disagreements between Southern California Bancorp and BDO USA, LLP?
No, Southern California Bancorp stated that the decision to change auditors was not a result of any disagreements with BDO USA, LLP.
What is the address of Southern California Bancorp's principal executive offices?
The address is 12265 El Camino Real, Suite 210, San Diego, California, 92310.
What is the Commission File Number for Southern California Bancorp?
The Commission File Number is 001-41684.
Filing Stats: 902 words · 4 min read · ~3 pages · Grade level 15.1 · Accepted 2024-04-03 16:05:26
Filing Documents
- form8-k.htm (8-K) — 46KB
- 0001493152-24-012984.txt ( ) — 218KB
- bcal-20240402.xsd (EX-101.SCH) — 3KB
- bcal-20240402_lab.xml (EX-101.LAB) — 33KB
- bcal-20240402_pre.xml (EX-101.PRE) — 22KB
- form8-k_htm.xml (XML) — 4KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SOUTHERN CALIFORNIA BANCORP Date: April 2, 2024 By: /s/ DAVID I. RAINER David I. Rainer Chief Executive Officer