Hennessy Advisors Changes Auditors to BDO USA, LLP

TL;DR

HNNA switched auditors from Haskell & White to BDO USA, LLP effective Dec 10, 2024.

AI Summary

Hennessy Advisors, Inc. filed an 8-K on December 16, 2024, reporting a change in its certifying accountant. The company's principal independent registered public accounting firm is now BDO USA, LLP, effective December 10, 2024. This change follows the resignation of the previous auditor, Haskell & White, LLP.

Why It Matters

A change in auditors can signal potential issues with financial reporting or a strategic decision by the company to engage a different firm for its audit. Investors should monitor future financial statements for any related disclosures.

Risk Assessment

Risk Level: medium — A change in auditors, especially if recent, can sometimes precede or coincide with financial irregularities or restatements, warranting closer investor scrutiny.

Key Players & Entities

• Hennessy Advisors, Inc. (company) — Registrant
• BDO USA, LLP (company) — New Certifying Accountant
• Haskell & White, LLP (company) — Previous Certifying Accountant
• December 10, 2024 (date) — Effective date of auditor change
• December 16, 2024 (date) — Filing date of the 8-K

FAQ

Filing Documents

• hnna20241216_8k.htm (8-K) — 33KB
• ex_757850.htm (EX-16.1) — 3KB
• 0001437749-24-037602.txt ( ) — 182KB
• hnna-20241210.xsd (EX-101.SCH) — 4KB
• hnna-20241210_def.xml (EX-101.DEF) — 13KB
• hnna-20241210_lab.xml (EX-101.LAB) — 17KB
• hnna-20241210_pre.xml (EX-101.PRE) — 13KB
• hnna20241216_8k_htm.xml (XML) — 4KB

01. Changes in Registrant ' s Certifying Accountant

Item 4.01. Changes in Registrant ' s Certifying Accountant. On December 10, 2024, Hennessy Advisors, Inc. (the "Company") was notified by Marcum LLP ("Marcum") that Marcum was declining to stand for reelection as the Company's independent registered public accounting firm. On November 1, 2024, CBIZ CPAs P.C. acquired the attest business of Marcum. On December 11, 2024, Marcum resigned as auditors of the Company and with the approval of the Audit Committee of the Company's Board of Directors, CBIZ CPAs P.C. was engaged as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2025. The reports of Marcum regarding the Company's financial statements for the fiscal years ended September 30, 2024 and 2023, did not contain any adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope, or accounting principles. During the years ended September 30, 2024 and 2023, and through December 11, 2024, the date of resignation, there were (a) no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) with Marcum on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures, which disagreements, if not resolved to the satisfaction of Marcum, would have caused Marcum to make reference to such disagreement in its report and (b) no "reportable events" (as defined in Item 304(a)(1)(v) of Regulation S-K and the related instructions). Prior to engaging CBIZ CPAs P.C., the Company did not consult with CBIZ CPAs P.C. regarding the application of accounting principles to a specific completed or contemplated transaction or regarding the type of audit opinions that might be rendered by CBIZ CPAs P.C. on the Company's financial statements, and CBIZ CPAs P.C. did not provide any written or oral advice that was an important factor considered by the Company in reaching a decision as to any such accounting, a

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. EXHIBIT INDEX Exhibit Description 16.1 Letter from Marcum dated December 16, 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, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. HENNESSY ADVISORS, INC. December 16, 2024 By: /s/ Teresa M. Nilsen Teresa M. Nilsen President

View Full Filing

View this 8-K filing on SEC EDGAR