Plumas Bancorp Appoints New Auditor, BDO USA, LLP
Ticker: PLBC · Form: 8-K · Filed: Nov 20, 2024 · CIK: 1168455
Sentiment: neutral
Topics: auditor-change, accounting
TL;DR
Plumas Bancorp swapped auditors from Crowe LLP to BDO USA, LLP, effective Nov 19, 2024. No drama, just a change.
AI Summary
Plumas Bancorp announced on November 19, 2024, a change in its certifying accountant. The company has dismissed Crowe LLP as its independent registered public accounting firm and has appointed BDO USA, LLP as its new independent registered public accounting firm, effective immediately. This change is not related to any disagreements with Crowe LLP.
Why It Matters
A change in auditor can signal shifts in financial reporting scrutiny or strategy, potentially impacting investor confidence and the perceived reliability of financial statements.
Risk Assessment
Risk Level: low — The filing reports a routine change of auditor without any stated disagreements, indicating low immediate risk.
Key Players & Entities
- Plumas Bancorp (company) — Registrant
- Crowe LLP (company) — Former independent registered public accounting firm
- BDO USA, LLP (company) — Newly appointed independent registered public accounting firm
- November 19, 2024 (date) — Effective date of auditor change
FAQ
Who was Plumas Bancorp's previous independent auditor?
Plumas Bancorp's previous independent auditor was Crowe LLP.
Who is Plumas Bancorp's new independent auditor?
Plumas Bancorp has appointed BDO USA, LLP as its new independent registered public accounting firm.
When did the change in certifying accountant become effective?
The change in certifying accountant became effective on November 19, 2024.
Were there any disagreements between Plumas Bancorp and Crowe LLP?
The filing states that there were no disagreements between Plumas Bancorp and Crowe LLP.
What is the filing date of this Form 8-K?
This Form 8-K was filed on November 20, 2024.
Filing Stats: 728 words · 3 min read · ~2 pages · Grade level 14.1 · Accepted 2024-11-20 09:00:11
Filing Documents
- plbc20241120_8k.htm (8-K) — 27KB
- ex_750287.htm (EX-16.1) — 4KB
- plumas.jpg (GRAPHIC) — 14KB
- 0001437749-24-035805.txt ( ) — 184KB
- noticker-20241119.xsd (EX-101.SCH) — 3KB
- noticker-20241119_def.xml (EX-101.DEF) — 12KB
- noticker-20241119_lab.xml (EX-101.LAB) — 15KB
- noticker-20241119_pre.xml (EX-101.PRE) — 12KB
- plbc20241120_8k_htm.xml (XML) — 3KB
01. Change in Registrant ' s Certifying Accountant
Item 4.01. Change in Registrant ' s Certifying Accountant (a) On November 19, 2024, Plumas Bank ("the Bank"), a subsidiary of Plumas Bancorp (the "Company"), dismissed Eide Bailly LLP ("Eide") as the independent auditor of the Plumas Bank 401(k) Profit Sharing Plan ("the Plan"). The decision to dismiss Eide was approved by the Audit & Risk Committee of the Board of Directors of the Company. During the years ended December 31, 2023 and 2022 and through November 19, 2024, (i) there were no disagreements with Eide on any matters of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which if not resolved to the satisfaction of Eide would have caused Eide to make reference to the subject matter of the disagreement in their reports on the Plan's financial statements for such years, and (ii) there were no "reportable events" as that term is defined in Item 304(a)(1)(v) of Regulation S-K. The Plan has provided Eide a copy of the foregoing statements and requested a letter from Eide to the Securities and Exchange Commission stating whether Eide agrees with the above statements. A copy of that letter, dated November 19, 2024, is attached as Exhibit 16.1 to this Form 8-K. (b) on November 19, 2024, the Plan appointed Elliot Davis, LLC ("Elliott") as independent registered public accounting firm for the Plan's fiscal year ended December 31, 2024. The appointment was approved by the Audit & Risk Committee of the Board of Directors of the Company. During the fiscal years ended December 31, 2023 and 2022, and the subsequent interim period prior to the engagement of Elliott, neither the Plan, nor the Company, as the Plan's sponsor, nor anyone acting on behalf of the Plan or the Company, consulted with Elliott regarding the application of principles to a specified transaction, either completed or proposed, or the type of audit opinion that would have been rendered on the Plan's financial statements, or any other matters or events s
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits Exhibit No. Description 16.1 Letter from Eide to the Securities and Exchange Commission dated November 19, 2024 104 Cover Page Interactive Data File (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. Dated: November 20, 2024 PLUMAS BANCORP (Registrant) By: /s/ Richard L. Belstock Richard L. Belstock Executive Vice President, Chief Financial Officer 3