First Foundation Inc. Changes Independent Auditor
Ticker: FFWM · Form: 8-K · Filed: Mar 21, 2024 · CIK: 1413837
| Field | Detail |
|---|---|
| Company | First Foundation INC. (FFWM) |
| Form Type | 8-K |
| Filed Date | Mar 21, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: auditor-change, accounting
Related Tickers: FFWM
TL;DR
FFWM swapped PwC for BDO as their auditor, effective March 19, 2024.
AI Summary
First Foundation Inc. announced on March 19, 2024, a change in its certifying accountant. The company has dismissed PricewaterhouseCoopers LLP and engaged BDO USA, LLP as its new independent registered public accounting firm. This change is effective immediately.
Why It Matters
A change in auditors can sometimes signal underlying issues or a desire for a fresh perspective on financial reporting, which investors should monitor.
Risk Assessment
Risk Level: low — This filing reports a routine change of auditor, which typically does not carry significant immediate risk.
Key Players & Entities
- First Foundation Inc. (company) — Registrant
- PricewaterhouseCoopers LLP (company) — Former Certifying Accountant
- BDO USA, LLP (company) — New Certifying Accountant
- March 19, 2024 (date) — Date of earliest event reported
FAQ
When was the change in certifying accountant effective?
The change in certifying accountant was effective as of March 19, 2024.
Who was First Foundation Inc.'s previous certifying accountant?
First Foundation Inc.'s previous certifying accountant was PricewaterhouseCoopers LLP.
Who is First Foundation Inc.'s new independent registered public accounting firm?
First Foundation Inc.'s new independent registered public accounting firm is BDO USA, LLP.
Did the company have any disagreements with PricewaterhouseCoopers LLP?
The filing does not mention any disagreements with PricewaterhouseCoopers LLP.
What is the company's principal executive office address?
The company's principal executive office is located at 200 Crescent Court, Suite 1400, Dallas, Texas 75201.
Filing Stats: 519 words · 2 min read · ~2 pages · Grade level 12.8 · Accepted 2024-03-21 16:51:02
Filing Documents
- tm249403d1_8k.htm (8-K) — 25KB
- 0001104659-24-037365.txt ( ) — 193KB
- ffwm-20240319.xsd (EX-101.SCH) — 3KB
- ffwm-20240319_lab.xml (EX-101.LAB) — 33KB
- ffwm-20240319_pre.xml (EX-101.PRE) — 22KB
- tm249403d1_8k_htm.xml (XML) — 4KB
01 Changes in Registrant's Certifying Accountant
Item 4.01 Changes in Registrant's Certifying Accountant. On March 19, 2024, the Audit Committee of the Board of Directors of First Foundation Inc. (the "Company") appointed Crowe LLP as the Company's independent registered public accounting firm for the fiscal year ending December 31, 2024. During the fiscal years ended December 31, 2023 and 2022 and the subsequent interim period through March 19, 2024, neither the Company nor anyone acting on its behalf consulted with Crowe LLP regarding any matter or event that would require disclosure under Item 304(a)(2) of Regulation S-K. As previously reported on November 22, 2023, Eide Bailly LLP ("Eide Bailly") notified the Company that Eide Bailly has made a decision to exit the financial institution portion of its SEC audit practice, and therefore would decline to stand for reappointment as the Company's independent registered public accounting firm for the year ending December 31, 2024. The Company will continue to engage Eide Bailly for the review of the Company's interim financial statements for the quarter ending March 31, 2024. -2-
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. FIRST FOUNDATION INC. Date: March 21, 2024 By: /s/ SCOTT F. KAVANAUGH Scott F. Kavanaugh President and Chief Executive Officer -3-