Item 4.01
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Changes in Registrants Certifying Accountant.
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(a) Dismissal of Independent Registered Public Accounting Firm
The Audit Committee of the Board of Directors (the Audit Committee) of Blue Ridge Bankshares, Inc. (the Company)
recently completed a process to determine which audit firm would serve as the Companys independent registered public accounting firm. Brown Edwards & Company, LLP (BE) was invited to participate and participated in the
process. On September 16, 2020, the Company, with the approval of the Audit Committee, notified BE that BE was being dismissed as the Companys independent registered public accounting firm, effective immediately following the filing of
the Form 10-Q for the quarter ending September 30, 2020. BE will continue to serve as the Companys independent registered public accounting firm until that time.
The audit reports of BE on the consolidated financial statements of the Company as of and for the years ended December 31, 2019 and 2018
did not contain any adverse opinion or disclaimer of opinion, nor were they qualified or modified as to uncertainty, audit scope, or accounting principles.
During the two fiscal years ended December 31, 2019 and 2018 and from January 1, 2020 through September 16, 2020, (i) there
were no disagreements with BE on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedures that, if not resolved to BEs satisfaction, would have caused BE to make reference in connection
to their opinion to the subject matter of the disagreement and (ii) there were no reportable events as defined in Item 304(a)(1)(v) of Regulation S-K.
In accordance with Item 304(a)(3) of Regulation S-K, the Company provided BE with a copy of this
Current Report on Form 8-K prior to its filing with the Securities and Exchange Commission (the SEC). The Company requested that BE furnish a letter addressed to the SEC stating whether or not it
agrees with the statements made herein. A copy of BEs letter dated September 22, 2020 is filed as Exhibit 16.1 hereto.
(b)
Engagement of New Independent Registered Public Accounting Firm
Additionally, based on the Audit Committees approval, on
September 16, 2020, the Company selected Elliott Davis, PLLC (ED) as the Companys independent registered public accounting firm for the fiscal year ending December 31, 2020, effective immediately following the filing of
the Form 10-Q for the quarter ending September 30, 2020.
During the two most recent fiscal
years ended December 31, 2019 and 2018 and from January 1, 2020 through September 16, 2020, neither the Company nor anyone on its behalf consulted ED regarding the application of accounting principles to a specified transaction,
either completed or proposed, or the type of audit opinion that might be rendered on the Companys financial statements, and no written report or oral advice was provided to the Company that ED concluded was an important factor considered by
the Company in reaching a decision as to any accounting, auditing or financial reporting issue. During the two most recent fiscal years ended December 31, 2019 and 2018 and from January 1, 2020 through September 16, 2020, neither the
Company nor anyone on its behalf consulted ED regarding any matter that was the subject of a disagreement or reportable event as defined in Regulation S-K, Item 304(a)(1)(iv) and Item 304(a)(1)(v),
respectively.