Item 4.01 Changes in Registrant's Certifying Accountant.
(a) Previous independent registered public accounting firm.
On September 12, 2022, AMREP Corporation (the "Company") dismissed Marcum LLP
("Marcum") as the Company's independent registered public accounting firm. The
Audit Committee of the Company's Board of Directors approved the dismissal of
Marcum. The audit reports of Marcum on the consolidated financial statements of
the Company for each of the two most recent fiscal years ended April 30, 2022
and April 30, 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 Company's two most recent fiscal years ended April 30,
2022 and April 30, 2021 and during the subsequent interim period from May 1,
2022 through September 12, 2022, (i) there were no disagreements with Marcum on
any matter of accounting principles or practices, financial statement disclosure
or auditing scope or procedures that, if not resolved to Marcum's satisfaction,
would have caused Marcum to make reference to the subject matter of the
disagreement in connection with its reports and (ii) there were no "reportable
events" (as defined in Item 304(a)(1)(v) of Regulation S-K). The Company
provided Marcum with a copy of the disclosures in this report prior to filing
with the Securities and Exchange Commission. A copy of Marcum's letter dated
September 12, 2022 to the Securities and Exchange Commission, stating whether it
agrees with the statements made in this report, is filed as Exhibit 16.1 to this
report.
(b) Appointment of new independent registered public accounting firm.
On September 12, 2022, the Audit Committee of the Company's Board of Directors
engaged Baker Tilly US, LLP ("Baker") as the Company's independent registered
public accounting firm for the fiscal year ending April 30, 2023. During the
Company's two most recent fiscal years ended April 30, 2022 and April 30, 2021
and during the subsequent interim period from May 1, 2022 through September 12,
2022, neither the Company nor anyone on the Company's behalf consulted Baker
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 financial statements, and neither a written
report nor oral advice was provided to the Company that Baker 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) or a "reportable event" (as defined in Item 304(a)(1)(v) of
Regulation S-K).
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit Number Description
16.1 Letter, dated September 12, 2022, from Marcum LLP.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document).
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AMREP CORPORATION 
