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Item 4.01
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Changes in Registrant’s Certifying Accountant
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(a) Dismissal of Previous Independent Registered Public Accounting Firm
On August 18, 2020, Investar Holding Corporation (the “Company”) dismissed Ernst & Young LLP (“EY”) as the Company’s independent registered public accounting firm. The audit committee (the “Audit Committee”) of the board of directors of the Company approved the dismissal of EY as the Company’s independent registered public accounting firm on August 18, 2020.
The reports of independent registered public accounting firm of EY regarding the Company’s financial statements for the fiscal years ended December 31, 2019 and 2018 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 December 31, 2019 and 2018, and during the interim period from the end of the most recently completed fiscal year through August 18, 2020, the date of dismissal, there were no disagreements with EY 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 EY would have caused it to make reference to such disagreement in its reports.
The Company provided EY with a copy of this Current Report on Form 8-K prior to its filing with the Securities and Exchange Commission and requested that EY furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements and, if it does not agree, the respects in which it does not agree. A copy of the letter furnished by EY, dated August 21, 2020, is filed as Exhibit 16.1 to this current report on Form 8-K.
(b) Appointment of New Independent Registered Public Accounting Firm
On August 18, 2020, the Audit Committee engaged Horne LLP (“Horne”) to serve as its independent registered public accounting firm for the year ending December 31, 2020.
During the years ended December 31, 2019 and 2018, and during the interim period from the end of the most recently completed fiscal year through August 18, 2020, neither the Company, nor anyone on its behalf, consulted with Horne regarding (i) the application of accounting principles to a specific transaction, either completed or proposed, or regarding the type of audit opinion that might be rendered on the Company’s financial statements, and neither a written report nor oral advice was provided to the Company that Horne concluded was an important factor considered by the Company in reaching a decision as to any accounting, auditing or financial reporting issue, or (ii) any matter that was either the subject of a disagreement or a reportable event (as described in Item 304(a)(1)(iv) and Item 304(a)(1)(v) of Regulation S-K, respectively.)