Item 4.01.Changes in Registrant's Certifying Accountant.

(a) On May 31, 2022, Malvern Bancorp, Inc. (the "Company") dismissed Baker Tilly US, LLP ("BT") as its independent registered public accounting firm. The dismissal of BT was approved by the Audit Committee of the Board of Directors of the Company. The audit reports of BT on the consolidated financial statements of the Company as of and for the fiscal years ended September 30, 2021 and September 30, 2020 contained no adverse opinion or disclaimer of opinion and were not qualified or modified as to audit scope or accounting principle.

During the Company's fiscal years ended September 30, 2021 and September 30, 2020 and through May 31, 2022, there were no: (i) disagreements with BT 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 BT would have caused BT to make reference thereto in its reports on the financial statements of the Company for such years, or (ii) reportable events, as described under Item 304(a)(1)(v) of Regulation S-K, other than material weaknesses in the Company's internal control over financial reporting disclosed by the Company in its Annual Report on Form 10-K for the fiscal year ended September 30, 2020, which material weaknesses were subsequently remedied by the Company.

The Company provided BT with a copy of the disclosure it is making in this Current Report on Form 8-K and requested from BT a letter addressed to the Securities and Exchange Commission indicating whether it agrees with such disclosures. A copy of BT's letter dated June 2, 2022 is attached hereto as Exhibit 16.1.

(b) The Audit Committee of the Board of Directors of the Company recently completed a competitive process to determine what audit firm would serve as the Company's independent registered public accounting firm for the fiscal year ending September 30, 2022. On May 31, 2022, the Company engaged Wolf & Company, P.C. ("Wolf") as auditors for the Company, effective immediately. The engagement of Wolf was approved by the Audit Committee of the Board of Directors of the Company.

During the fiscal years ended September 30, 2021 and September 30, 2020 and through May 31, 2022, neither the Company nor anyone on the Company's behalf consulted Wolf regarding any of the matters referred to in Item 304(a)(2)(i) or (ii) of Regulation S-K.




Item 9.01Financial Statements and Exhibits
(d) Exhibits



Exhibit No.   Description

16.1            Letter of Baker Tilly US, LLP to the Securities and Exchange Commission

104           Cover Page Interactive Data File (embedded within the Inline XBRL document)




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