Here is the statement in the 8k from 2/28/1997,,, Nww the issue you need to discover is the REASON for Price Waterhouse leaving PLSIA,,,
ITEM 4. CHANGES IN REGISTRANT'S CERTIFIED ACCOUNTANT.
In December 1996, Premier Laser Systems, Inc. (the "Company") requested its accountant, Price Waterhouse, LLP, and several other accounting firms to provide a proposal concerning the terms and conditions of its engagement as independent accountant to the Company for future periods. The decision to request proposals for reappointment from Price Waterhouse, LLP and other accountants was approved by the Company's Audit Committee. Price Waterhouse, LLP subsequently declined to provide such a proposal on the terms outlined by the Company, thereby effectively declining to stand for appointment as the Company's independent accountants. Therefore, effective February 21, 1997, the Company has elected to retain Ernst & Young to replace Price Waterhouse, LLP as its principal accountants to audit the Company's financial statements. The decision to change accountants was recommended and approved by both the Board of Directors and Audit Committee of the Company. |
