UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K/A
Current Report Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): October 20,1997
Commission file number 333-19183
JYRA RESEARCH INC ( A Development Stage Enterprize )
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(Exact name of registrant as specified in its charter)
Delaware 98-0167341
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(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
HAMILTON HOUSE,111 MARLOWES, HEMEL HEMPSTEAD, HERTFORDSHIRE HP1 1BB UK
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(address of principal executive offices) (Zip Code)
(44) 1442 403600
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(Registrant's telephone number, including area code)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On October 21, 1997, the Registrant engaged Ernst & Young, to act as
the Registrant's independent certified public accountant. Ernst & Young
replaces Faw Casson & Co. LLP who the Registrant terminated its relationship
with on October 20, 1997.
Since the registrant appointed Faw Casson & Co. LLP. on July 8, 1996,
there have been no disagreements with Faw Casson & Co. LLP on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure or any reportable events. The Auditors Report on the
financial Statements for the Registrants first Audited Year End December 31,
1996 prepared by Faw Casson & Co. LLP did not contain any adverse opinion or a
disclaimer of opinion.
The Registrant, due to its desire to operate on an international
basis, especially in the USA and United Kingdom, has concluded that the company
as a whole would be better served by an accounting firm with international
presence and knowledge of international generally accepted auditing standards
GAAP. Faw Casson & Co LLP is not an international practice and therefore is
unable to fulfil this role without employing additional International
Accountancy Firms. The Registrant believes this to be uneconomical and
ineffective based on the anticipate future need for international advice and
services. At the request of the board members the Registrant terminated its
relationship with Faw Casson & Co. LLP and engaged Ernst & Young.
The Registrant has authorized Faw Casson & Co. LLP to respond fully
to the inquiries of Ernst & Young and has requested that Faw Casson & Co. LLP
provide the Registrant with a letter addressed to the SEC, as required by
Item 304(a)(3) of Regulation S-K, so that the Registrant can file such letter
with the SEC within ten business days after the filing of the report.
ITEM 4. Financial Statements and Exhibits
1. Letter dated November 13, 1997 from previous Auditors,
Faw Casson & Co. LLP.
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
JYRA RESEARCH INC
(Registrant)
By: /s/ Paul Robinson
____________________
Paul Robinson
President & CEO
November 14, 1997
By: /s/ Roderick Adams
_____________________
Roderick Adams
Chief Financial Officer,
Director (Principal Financial
and Accounting Officer)
November 14, 1997
Exhibit 1
[LETTERHEAD OF Faw Casson & Co., LLP]
November 13, 1997
Office of the Chief Accountant
SECPS Letters Files
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, N.W.
Washington, DC 20549
RE: Jyra Research, Inc.
SEC File Number 333-19183
Film Number 97699554
Dear Gentlemen,
We have reviewed item four (Change in Registrant's Certifying Accountant) filed
by Jyra Research, Inc and agree with the contents thereof.
Sincerely,
/s/ Jenning P. Hastings
Jenning P. Hastings
