ITEM 4.01
Changes in Registrants Certifying Accountant
On June 28, 2016, the audit committee of the board of directors of Bancorp of New Jersey, Inc. (the Company), through a formal proposal process, engaged Baker Tilly Virchow Krause, LLP (Baker Tilly) to serve as its independent registered public accounting firm for the year ended December 31, 2016. On June 30, 2016, the audit committee of the Company notified BDO USA, LLP (BDO) of its dismissal as the Companys independent registered public accounting firm.
Prior to engaging Baker Tilly, the Company did not consult with Baker Tilly regarding the application of accounting principles to a specific completed or contemplated transaction or regarding the type of audit opinions that might be rendered by Baker Tilly on the Companys financial statements, and Baker Tilly did not provide any written or oral advice that was an important factor considered by the Company in reaching a decision as to any such accounting, auditing or financial reporting issue.
The report of independent registered public accounting firm of BDO regarding the Companys financial statements for the fiscal years ended December 31, 2015 and 2014 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, 2015 and 2014, and during the interim period from the end of the most recently completed fiscal year through June 28, 2016, the date of termination, there were no disagreements with BDO 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 BDO would have caused it to make reference to such disagreement in its reports.
The Company provided BDO with a copy of this Current Report on Form 8-K on the date of its filing with the Securities and Exchange Commission and requested that BDO furnish the Company with a letter addressed to the Securities and Exchange Commission stating whether it agrees with above statements and, if it does not agree, the respects in which it does not agree.
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