This should explain a lot:
Item 4. Change in Registrant's Certifying Accountant
On June 9, 1998, Goldstein Golub Kessler & Company, P.C. resigned as the
Company's independent auditors as a result of procedural issues relating to the
coordination of matters between the Company and Goldstein Golub Kessler &
Company, P.C. The report of Goldstein Golub Kessler & Company, P.C. on the
financial statements of the Company for each of the past two years did not
contain an adverse opinion or disclaimer of opinion and was not qualified or
modified as to uncertainty, audit scope or accounting principles except that the
auditor's report for the year ended December 31, 1997 did contain an emphasis of
a matter paragraph regarding the uncertainty as to the Company's ability to
continue as a going concern. The Company believes, and has been advised by
Goldstein Golub Kessler & Company, P.C. that it concurs in such belief, that
during the two most recent fiscal years and the subsequent interim period
preceding the resignation of Goldstein Golub Kessler & Company, P.C., the
Company and Goldstein Golub Kessler & Company, P.C. did not have any
disagreement on any matters of accounting principles or practices, financial
statement disclosure or auditing scope or procedure, which disagreement if not
resolved to the satisfaction of Goldstein Golub Kessler & Company, P.C. would
have caused Goldstein Golub Kessler & Company, P.C. to make reference to the
matter in their reports.
The Company has engaged Feldman Sherb Ehrlich & Co., P.C., as its new
independent auditors.Exhibit Index.
16.1 Letter on Change in Certifying Accountant. |
