Item 4.01 Change in Registrant’s
Certifying Accountant.
(a)
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Dismissal of KPMG LLP as Principal Accountant
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The Audit Committee of the Board of Directors (the “Audit Committee”) of Barnwell Industries, Inc. (the “Company”) conducted an evaluation to determine the Company’s independent registered public accounting
firm for the fiscal year ending September 30, 2020. Several firms were invited to participate in this process.
As a result of this process, following the review and evaluation of the proposals from the participating firms, on July 8, 2020, the Audit Committee dismissed KPMG LLP (“KPMG”) as the Company’s independent
registered public accounting firm, effective as of such date.
The reports of KPMG on the Company’s consolidated financial statements as of September 30, 2019 and 2018 and for the fiscal years ended September 30, 2019 and 2018 did not contain any adverse opinions or disclaimers of opinion, and were not qualified
or modified as to uncertainty, audit scope or accounting principles.
During the fiscal years ended September 30, 2019 and 2018 and the subsequent interim period through July 8, 2020, there were no (i) disagreements (as defined in Item 304(a)(1)(iv) of
Regulation S-K and the related instructions to Item 304 of Regulation S-K) with KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedures which, if not resolved to KPMG’s satisfaction,
would have caused KPMG to make reference thereto in its reports for such years and interim period or (ii) “reportable events” within the meaning of Item 304 (a)(1)(v) of Regulation S-K.
The Company has provided KPMG with a copy of the foregoing disclosures and requested that it furnish a letter to the Securities and Exchange Commission stating whether or not it agrees with the above
statements and, if not, stating the respects in which it does not agree. A copy of such letter is filed as Exhibit 16.1 to this Form 8-K.
(b)
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Appointment of Weaver and Tidwell, L.L.P. as Principal Accountant
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On July 8, 2020, the Audit Committee authorized the engagement of Weaver and Tidwell, L.L.P. (“Weaver”) as the Company’s independent registered public accounting firm for the fiscal year ending September 30, 2020.
During the fiscal years ended September 30, 2019 and 2018 and the subsequent interim period through July 8, 2020, neither the Company nor anyone on its behalf consulted with Weaver regarding either (i) 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 Company’s consolidated financial statements, and neither written nor oral advice was provided to the Company that Weaver concluded was an
important factor considered by the Company reaching a decision as to any accounting, auditing or financial reporting issue; or (ii) any matter that was either the subject of a disagreement (as defined in paragraph 304(a)(1)(iv) of Regulation S-K and
the related instructions thereto) or a reportable event (as described in paragraph 304(a)(1)(v)) of Regulation S-K).
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
Exhibit No.
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Description
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Letter from KPMG LLP as required by Item 304(a) of Regulation S-K, filed herewith.
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