Coastal Financial Appoints New Auditor, BDO USA
Ticker: CCB · Form: 8-K · Filed: Jun 4, 2025 · CIK: 1437958
| Field | Detail |
|---|---|
| Company | Coastal Financial Corp (CCB) |
| Form Type | 8-K |
| Filed Date | Jun 4, 2025 |
| Risk Level | low |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Coastal Financial dumped Moss Adams for BDO USA as its auditor.
AI Summary
Coastal Financial Corporation announced on June 3, 2025, that it has appointed BDO USA, LLP as its new independent registered public accounting firm, replacing Moss Adams LLP. This change is effective immediately, and Moss Adams LLP has resigned from its position.
Why It Matters
A change in auditor 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
- Coastal Financial Corporation (company) — Registrant
- BDO USA, LLP (company) — Newly appointed independent registered public accounting firm
- Moss Adams LLP (company) — Resigned independent registered public accounting firm
- June 3, 2025 (date) — Effective date of auditor change
FAQ
Why did Coastal Financial Corporation change its independent registered public accounting firm?
The filing does not explicitly state the reason for the change, only that Moss Adams LLP resigned and BDO USA, LLP was appointed.
When was the change in auditor effective?
The change was effective as of June 3, 2025.
What is the name of the new accounting firm appointed by Coastal Financial Corporation?
The new accounting firm is BDO USA, LLP.
Who was the previous independent registered public accounting firm for Coastal Financial Corporation?
The previous firm was Moss Adams LLP.
Does the filing mention any disagreements with the former auditor?
The filing does not mention any disagreements between Coastal Financial Corporation and Moss Adams LLP.
Filing Details
This Form 8-K (Form 8-K) was filed with the SEC on June 4, 2025 regarding COASTAL FINANCIAL CORP (CCB).