Item 4.01 Change in Registrant’s Certifying Accountant
On August 7, 2023, the Audit Committee (the “Committee”) of the Board of Directors (the “Board”) of Independence Contract Drilling, Inc. (the “Company”) approved the engagement of Moss Adams LLP (“Moss Adams”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 and dismissed BDO USA, P.A. (“BDO”) as the Company’s independent registered public accounting firm.
The reports of BDO on the Company’s consolidated financial statements for the fiscal years ended December 31, 2022 and 2021 did not contain an adverse opinion or a disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.
During the years ended December 31, 2022 and 2021 and the subsequent interim period through August 7, 2023 the Company had no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions) with BDO on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to BDO’s satisfaction, would have caused BDO to make reference thereto in its reports on the Company’s financial statements for such years.
In the fiscal years ended December 31, 2022 and 2021 and in the subsequent interim period through August 7, 2023, there were no “reportable events” (as defined in Item 304(a)(1)(v) of Regulation S-K).
The Company provided BDO with a copy of the disclosures required by Item 304 of Regulation S-K contained in this Current Report on Form 8-K and requested that BDO furnish the Company with a letter addressed to the SEC stating whether BDO agrees with the above statements made by the Company in this Current Report on Form 8-K. A copy of BDO’s letter, dated August 11, 2023, is filed as Exhibit 16.1 to this Current Report on Form 8-K.
During the years ended December 31, 2022 and 2021 and the subsequent interim period through August 7, 2023, neither the Company nor anyone acting on the Company’s behalf consulted Moss Adams regarding: (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 financial statements, and neither a written report nor oral advice was provided to the Company that Moss Adams 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 as defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions or a “reportable event” described in Item 304(a)(1)(v) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits