Great Elm Group Inc.
09/16/2024 | Press release | Distributed by Public on 09/16/2024 14:39
Change in Certifying Accountants Form 8 K
Item 4.01 Changes in Registrant's Certifying Accountant.
On September 11, 2024, the Audit Committee of Great Elm Group, Inc.'s ("GEG") Board of Directors dismissed Grant Thornton LLP ("Grant Thornton") as GEG's independent registered public accounting firm, effective September 11, 2024. On September 11, 2024, the Audit Committee also approved the appointment of Deloitte & Touche LLP ("Deloitte") as GEG's independent registered public accounting firm to perform independent audit services for the fiscal year ending June 30, 2025.
Grant Thornton's audit reports for the fiscal years ended June 30, 2024 and 2023 on GEG's consolidated financial statements did not contain an adverse opinion or a disclaimer of opinion, nor was any such report qualified or modified as to uncertainty, audit scope or accounting principles. In addition, during the fiscal years ended June 30, 2024 and 2023 and the subsequent interim period through September 16, 2024 there were no (i) "disagreements" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) between GEG and Grant Thornton 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 Grant Thornton, would have caused it to make reference to the subject matter of the disagreements in connection with its reports or (ii) "reportable events" (as defined in Item 304(a)(1)(v) of Regulation S-K).
GEG provided Grant Thornton with a copy of the disclosure set forth in this Item 4.01 and requested that Grant Thornton furnish GEG with a letter addressed to the U.S. Securities and Exchange Commission (the "SEC") stating whether it agrees with the statements made herein, and, if not, stating the respects in which it does not agree. A copy of such letter is attached hereto as Exhibit 16.1 to this report.
During the fiscal years ended June 30, 2024 and 2023 and the subsequent interim period through September 16, 2024, none of GEG or anyone on its behalf consulted Deloitte regarding either:
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the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered with respect to GEG's consolidated financial statements in connection with which either a written report or oral advice was provided to GEG that Deloitte concluded was an important factor considered by GEG in reaching a decision as to the accounting, auditing or financial reporting issue; or
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any matter that was either the subject of a "disagreement" (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) or a "reportable event" (as defined in Item 304(a)(1)(v) of Regulation S-K).