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Saga Communications Inc. (NASDAQ:SGA), a company specializing in radio broadcasting stations, has announced the appointment of Crowe LLP as its new independent registered public accounting firm for the fiscal year ending December 31, 2024. The decision was made by the Audit Committee of the Board of Directors and was reported in a Form 8-K filing with the Securities and Exchange Commission today.
The transition to Crowe LLP comes after the Audit Committee dismissed UHY LLP, the company's previous accounting firm, effective immediately. The dismissal follows a competitive process conducted by the Audit Committee to select a new auditor for the upcoming fiscal year. The reports from UHY on Saga Communications' financial statements for the years ended December 31, 2023, and 2022, were free of any adverse opinions or disclaimers and did not contain any qualifications regarding uncertainty, audit scope, or accounting principles.
According to the filing, there were no disagreements between Saga Communications and UHY on any accounting principles, financial statement disclosure, auditing scope, or procedure during the years mentioned, as well as the interim period up to today. There were also no "reportable events," which typically refer to issues that could materially impact the financial statements or the auditor's ability to perform an audit.
Furthermore, there were no consultations between Saga Communications and Crowe LLP during the past fiscal years and the interim period on any matters that would require disclosure under the SEC's regulations.
The company provided UHY with a copy of the disclosures it is making in the report and has included a letter from UHY, dated today, as an exhibit to the filing, confirming their agreement with the disclosures made by Saga Communications.
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