Item
4.01 Changes in Registrant’s Certifying Accountant
(a)
Previous independent registered public accounting firm
On
January 18, 2008, Deloitte & Touche LLP (“Deloitte”) was notified in a
telephone conversation with management of Home Federal Bancorp (“Company”) that
such firm would not be retained as the Company’s independent registered public
accounting firm for the fiscal year ended December 31, 2008.
However, Deloitte is engaged to audit the Company’s
consolidated financial statements for the fiscal year ended December 31,
2007.
Deloitte’s
reports on the Company’s consolidated financial statements for the fiscal years
ended December 31, 2006 and 2005 did not contain any adverse opinion or a
disclaimer of opinion, nor were the reports qualified or modified as to
uncertainty, audit scope or accounting principles. During the
Company’s fiscal years ended December 31, 2006 and 2005 and through January 18,
2008, there were no disagreements with Deloitte on any matter of accounting
principles or practices, financial statement disclosure, or auditing scope
or
procedure, which disagreements, if not resolved to the satisfaction of Deloitte,
would have caused it to make reference thereto in its reports on the Company’s
financial statements for such years. During the fiscal years ended December
31,
2006 and 2005 and through January 18, 2008, there were no reportable events
as
described in Item 304(a)(1)(v) of Regulation S-K. The Company has requested
that
Deloitte furnish it with a letter addressed to the Securities and Exchange
Commission stating whether or not it agrees with the above statements. A copy
of
such letter, dated January 25, 2008, is filed as Exhibit 16.1 to this Form
8-K.
(b)
Appointment of new independent registered public accounting firm
At
the
direction of the Audit Committee, in the fourth quarter of 2007 management
of
the Company interviewed several independent registered public accounting firms,
and had discussions with Deloitte, for the purpose of making a recommendation
to
the Audit Committee of the Board of Directors regarding the independent
registered public accounting firm to engage for the audit of the Company’s
financial statements for the year ending December 31, 2008. On
January 22, 2008, the officers of the Company engaged BKD, LLP, one of the
independent registered public accounting firms management had interviewed,
to
conduct the audit of the Company’s financial statements for the 2008 fiscal
year, subject to such firm’s completion of its internal approval processes and
acceptance of appointment.
During
the Company’s two most recent fiscal years ended December 31, 2005 and 2006, and
through January 22, 2008, neither the Company nor anyone on its behalf has
consulted with BKD, LLP 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 BKD,
LLP concluded was an important factor considered by the Company in reaching
a
decision as to the accounting, auditing or financial reporting issue; or (ii)
any matter that was either the subject of a disagreement (as that term is
defined in Item 304(a)(1)(iv) of Regulation S-K and the related instructions
to
Item 304 of Regulation S-K) or a reportable event (as described in Item
304(a)(1)(v) of Regulation S-K).