Item 4.01 Changes in Registrant's Certifying Accountant.
(a) Previous Independent Registered Public Accounting Firm
On July 20, 2022, the Audit Committee of the Board of Directors (the "Audit
Committee") of Cedar Realty Trust, Inc. (the "Company") dismissed Ernst &
Young LLP ("EY") as the Company's independent registered public accounting firm
effective as of that date.
EY's reports on the Company's financial statements for the fiscal years ended
December 31, 2021 and 2020 did not contain any adverse opinion or disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope or
accounting principles.
During the fiscal years ended December 31, 2021 and 2020 and through July 20,
2022, there was no "disagreement" (as defined in Item 304(a)(1)(iv) of
Regulation S-K and the related instructions to Item 304 of Regulation S-K) with
EY 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 EY, would have caused EY to make reference to the subject
matter of such disagreements in connection with its reports on the financial
statements for such years.
During the fiscal years ended December 31, 2021 and 2020 and through July 20,
2022, there was no "reportable event" (as defined in Item 304(a)(1)(v) of
Regulation S-K).
The Company provided EY with a copy of the above disclosure and requested that
EY furnish the Company with a letter addressed to the SEC stating whether or not
EY agrees with the statements contained above. EY has furnished the Company with
a letter addressed to the SEC stating that it agrees with the above statements,
a copy of which is filed as Exhibit 16.1 herewith.
(b) New Independent Registered Public Accounting Firm
On July 14, 2022, the Audit Committee appointed Cherry Bakaert LLP ("Cherry
Bakaert") as the Company's new independent registered public accounting firm,
effective concurrent with the dismissal of EY.
Neither the Company nor anyone acting on its behalf has consulted with Cherry
Bakaert with respect to (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 Cherry
Bakaert 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" or "reportable
event" as those terms are defined in Item 304(a)(1) of Regulation S-K.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
16.1 Letter of Ernst & Young LLP dated July 20, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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