<EWEB> Accountant quits his job! Wow, MSFT CFO resigned, MSFT dropped 3 pts. How about EWEB independent accountant ceased relationship?!
Euroweb International Corp. ("the
Company") received notice from its independent accountant, BDO Seidman, LLP
("Former Accountant") that the client-auditor relationship between the Company
and the Former Accountant has ceased.
EUROWEB INTERNATIONAL CORP
Form: 8-K Filing Date: 12/22/99
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TYPE: 8-K
SEQUENCE: 1
DESCRIPTION: CURRENT REPORT
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest Event
Reported) December 15, 1999
Euroweb International Corp.
-------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware
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(State or Other Jurisdiction of Incorporation)
1-1200 13-3696015
---------------- --------------------
(Commission File (I.R.S. Employer
Number) Identification No.)
445 Park Avenue, 15th Floor, New York, NY 10022
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 758-9870
--------------
N/A
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(Former Name or Former Address, if Changed Since Last Report)
FORM 8-K
Item 4. Changes in Registrant's Certifying Accountant
By letter dated December 15, 1999, Euroweb International Corp. ("the
Company") received notice from its independent accountant, BDO Seidman, LLP
("Former Accountant") that the client-auditor relationship between the Company
and the Former Accountant has ceased. During the Company's two most recent
fiscal years and any subsequent interim period preceding such resignation, the
Company had no disagreement with its Former Accountant on any matter of
accounting principal or practice, financial statement disclosure or auditing
scope or procedure which would have caused the accountant to make reference in
its report upon the subject matter of disagreement. Further, the Former
Accountant's report on the financial statements of the Company as of and for the
year ended December 1998 did not contain an adverse opinion or disclaimer of
opinion or qualification as to audit scope or accounting principle.
The decision to accept the resignation was approved by the full Board
of Directors. The resignation letter of the Former Accountant, a copy of which
was sent to the Securities and Exchange Commission, is on file with the Company,
and is attached to this report as Exhibit A.
On December 20, 1999 the Company engaged the firm of KPMG, (the "New
Accountant") as its independent accountant for the Company's fiscal year ending
December 31, 1999. The Company did not consult the New Accountant with respect
to either (i) the prior fiscal period, (ii) the interim period as regards either
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, or (iii) any matter that was either the
subject of a disagreement or reportable event.
The Company has authorized and requested the Former Auditor to
respond fully to the inquiries of the New Auditor.
The Company has provided the Former Accountant with a copy of the
disclosures it is making herein in response to Item 304(a) of Regulation S-K.
The Company has requested that the Former Auditor furnish the Company with a
letter addressed to the Commission stating whether it agrees with the statements
made by the Company. The Company has annexed such letter hereto as Exhibit B.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this report to be signed on its behalf by the undersigned
hereunto duly authorized.
Dated: December 22, 1999 EUROWEB INTERNATIONAL CORP.
By: /s/ Frank R. Cohen
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Frank R. Cohen
Chairman
Exhibit Index
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Exhibit
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A Accountant's Letter of Termination
B Accountant's Confirmation Letter
TYPE: EX-99.(A)
SEQUENCE: 2
DESCRIPTION: ACCOUNTANT'S LETTER OF TERMINATION
[Letterhead of BDO Seidman, LLP]
December 15, 1999
Mr. Frank Cohen
Chief Financial Officer
Euroweb International Corp.
445 Park Avenue
New York, N.Y. 10022
Dear Mr. Cohen:
This is to confirm that the client-auditor relationship between Euroweb
International Corp (Commission File Number 1-1200) and BDO Seidman, LLP has
ceased.
Sincerely,
/s/ BDO Seidman, LLP
BDO Seidman, LLP
cc: Office of the Chief Accountant
SECPS Letter File
Securities and Exchange Commission
Mail Stop 11-3
450 Fifth Street, N.W.
Washington, D.C. 20549
TYPE: EX-99.(B)
SEQUENCE: 3
DESCRIPTION: ACCOUNTANT'S CONFIRMATION LETTER
[Letterhead of BDO Seidman, LLP]
December 20, 1999
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Dear Sir/Madame:
We have read Item 4 included in Form 8-K dated December 22, 1999 of Euroweb
International Corp. and are in agreement with the statements contained therein
insofar as they pertain to us.
Very truly yours,
/s/ BDO Seidman, LLP
BDO Seidman, LLP
cc: Frank R. Cohen - Euroweb International Corp.
George J. Martin Jr. - Coudert Brothers
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