NI Holdings Appoints New Auditor, BKD, LLP
Ticker: NODK · Form: 8-K · Filed: Jun 5, 2024 · CIK: 1681206
Sentiment: neutral
Topics: auditor-change, governance
TL;DR
NI Holdings swapped auditors from Eide Bailly to BKD, effective June 1st.
AI Summary
NI Holdings, Inc. announced on June 1, 2024, that it has appointed BKD, LLP as its new independent registered public accounting firm, replacing Eide Bailly LLP. This change is effective immediately. The company stated that the decision was made by the Audit Committee of the Board of Directors.
Why It Matters
Changing auditors can sometimes signal a shift in financial reporting or internal controls, which could impact investor confidence and the perceived reliability of the company's financial statements.
Risk Assessment
Risk Level: low — The filing is a routine change of auditor and does not involve any financial distress or significant operational changes.
Key Players & Entities
- NI Holdings, Inc. (company) — Registrant
- BKD, LLP (company) — New independent registered public accounting firm
- Eide Bailly LLP (company) — Former independent registered public accounting firm
- June 1, 2024 (date) — Effective date of auditor change
- Audit Committee of the Board of Directors (company) — Body that approved the auditor change
FAQ
Who is NI Holdings, Inc.'s new independent registered public accounting firm?
NI Holdings, Inc. has appointed BKD, LLP as its new independent registered public accounting firm.
Who was NI Holdings, Inc.'s previous independent registered public accounting firm?
NI Holdings, Inc.'s previous independent registered public accounting firm was Eide Bailly LLP.
When did the change in auditor become effective?
The change in auditor became effective on June 1, 2024.
Who made the decision to change the independent registered public accounting firm?
The decision to change the independent registered public accounting firm was made by the Audit Committee of the Board of Directors of NI Holdings, Inc.
Did NI Holdings, Inc. have any disagreements with Eide Bailly LLP that led to the change?
The filing does not state any disagreements between NI Holdings, Inc. and Eide Bailly LLP that led to the change in auditor.
Filing Stats: 788 words · 3 min read · ~3 pages · Grade level 12.3 · Accepted 2024-06-05 16:14:27
Key Financial Figures
- $0.01 — nge on which registered Common Stock, $0.01 par value per share NODK Nasdaq Capit
Filing Documents
- form8k-32434_nodk.htm (8-K) — 24KB
- ex16-1.htm (EX-16.1) — 2KB
- 0001174947-24-000801.txt ( ) — 194KB
- nodk-20240601.xsd (EX-101.SCH) — 3KB
- nodk-20240601_lab.xml (EX-101.LAB) — 33KB
- nodk-20240601_pre.xml (EX-101.PRE) — 22KB
- form8k-32434_nodk_htm.xml (XML) — 3KB
01. Changes in Registrant's Certifying Accountant
Item 4.01. Changes in Registrant's Certifying Accountant. NI Holdings, Inc., (the "Company") was notified that Mazars USA LLP ("Mazars"), the Company's independent registered public accounting firm, entered into a transaction with FORVIS, LLP ("FORVIS"), whereby substantially all of the partners and employees of Mazars joined FORVIS. As a result, on the effective date of June 1, 2024, FORVIS changed its name to Forvis Mazars, LLP and Mazars resigned as the Company's independent registered public accounting firm. The Audit Committee of the Company's Board of Directors has appointed Forvis Mazars, LLP to serve as the Company's independent registered public accounting firm effective June 1, 2024. The audit reports of Mazars on the Company's consolidated financial statements and internal control over financial reporting for the fiscal years ended December 31, 2023 and December 31, 2022 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 December 31, 2022 and the interim period through June 1, 2024, the Company had no disagreements with Mazars on any matter of accounting principles or practices, financial statement disclosures or audit scope or procedure, which disagreements, if not resolved to the satisfaction of Mazars, would have caused them to make reference thereto in their report on the consolidated financial statements for such years. During the Company's two most recent fiscal years ended December 31, 2023 and December 31, 2022 and the interim period through June 1, 2024, neither the Company nor anyone on its behalf consulted with Forvis Mazars regarding (i) the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Company's consolidated financial statements, or (ii) any matter that was either the subject of a
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit Number Description 16.1 Letter from Mazars, dated June 5, 2024. 104 Cover Page Interactive Data File – the cover page XBRL tags are embedded within the Inline XBRL document. SIGNATURE 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. NI Holdings, Inc. Date: June 5, 2024 By: /s/ Michael J. Alexander Michael J. Alexander President and Chief Executive Officer