Exhibit 13(a)(4)
Alternative Credit Income Fund
CHANGE IN INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM (Unaudited)
September 30, 2023
On March 13, 2023, BBD LLP (“BBD”) ceased to serve as the independent registered public accounting firm of the Alternative Credit Income Fund (the “Fund”).
The reports of BBD on the financial statements of the Fund as of and for the fiscal years ended September 30, 2021 and September 30, 2022 did not contain an adverse opinion or a disclaimer of opinion, and were not qualified or modified as to uncertainties, audit scope or accounting principles. During the fiscal year ended September 30, 2021 and September 30, 2022, and during the subsequent interim period through March 13, 2023: (i) there were no disagreements between the registrant and BBD 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 BBD, would have caused it to make reference to the subject matter of the disagreements in its report on the financial statements of the Fund for such years or interim period; and (ii) there were no “reportable events,” as defined in Item 304(a)(1)(v) of Regulation S-K under the Securities Exchange Act of 1934, as amended.
The registrant requested that BBD furnish it with a letter addressed to the U.S. Securities and Exchange Commission stating that it agrees with the above statements. A copy of such letter is filed as an exhibit to Form N-CSR. On November 28, 2022, the Audit Committee of the Board of Directors also recommended and approved the appointment of Deloitte & Touche LLP as the Fund’s independent registered public accounting firm for the fiscal year ending September 30, 2023.
During the fiscal years ended September 30, 2021 and September 30, 2022, and during the subsequent interim period through March 13, 2023, neither the registrant, nor anyone acting on its behalf, consulted with BBD on behalf of the Fund regarding the application of accounting principles to a specified transaction (either completed or proposed), the type of audit opinion that might be rendered on the Fund’s financial statements, or any matter that was either: (i) the subject of a “disagreement,” as defined in Item 304(a)(1)(iv) of Regulation S-K and the instructions thereto; or (ii) “reportable events,” as defined in Item 304(a)(1)(v) of Regulation S-K.
December 8, 2023
U.S. Securities and Exchange Commission
Office of the Chief Accountant
100 F Street, NE
Washington, DC 20549
Re: Alternative Credit Income Fund
File no. 811-23016
Dear Sir or Madam:
We have read Exhibit 13(a)(4) of Form N-CSR of Alternative Credit Income Fund, dated December 8, 2023, and agree with the statements concerning our Firm contained therein.
Very truly yours,
BBD, LLP
