Presidential Realty Corp. (PDNLB)

[db7]

Item 4.01. Change in Registrant’s Certifying Accountant.



On December 18, 2023, Presidential Realty Corporation (the “Company”), finalized discussions with its independent registered public accounting firm, Baker Tilly US, LLP (“Baker Tilly”) that it was resigning its engagement with the Company due to staffing constraints within Baker Tilly. On January 4, 2024 Baker Tilly sent a letter notifying the SEC of its resignation and indicating that the Company has provided Baker Tilly with a copy of the disclosure contained in this Current Report on Form 8-K. A copy of this letter is filed as Exhibit 16.1 to this Current Report on Form 8-k.



The Company is in the process of selecting a new independent registered public accounting public firm.



Baker Tilly’s report on the Company’s financial statements for the fiscal years ended December 31, 2022 and 2021 contained no adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles.



During the Company’s fiscal years ended December 31, 2022 and 2021 and the subsequent interim period through the date of this Current Report on Form 8-K, there were no i) “disagreements” (within the meaning of Item 304(a) of Regulation S-K) with Baker Tilly on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure which disagreements, if not resolved to Baker Tilly’s satisfaction, would have caused it to make reference to the subject matter of the disagreement in connection with its reports on the financial statements of the Company; and (ii) “reportable events” (as such term is defined in Item 304(a)(1)(v) of Regulation S-K).