SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
September 8, 1998
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: September 3, 1998
WOLF INDUSTRIES, INC.
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(Exact name of registrant as specified in its charter)
Nevada 98-0171619
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(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
Suite 404, 110 Cambie Street, Vancouver, British Columbia V6B2M8
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(Address of principal executive offices) (Zip Code)
(604) 688- 6306
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(Registrant's telephone number, including area code)
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Item 4. Change in Registrant's Certifying Accountant
Effective September 3, 1998, Dick Cook Schulli, Chartered Accountants, the
Registrant's Certifying Accountant for the past two fiscal years, were
dismissed. On September 3, 1998, Morgan & Company, Chartered Accountants,
were engaged to serve as the Registrant's new auditors. The selection of
Morgan & Company was approved by the Registrant's Board of Directors.
There was no consultation regarding accounting policy or procedures with
Morgan & Company prior to their engagement.
Dick Cook Schulli's report on the financial statements for the fiscal years
ended December 31, 1996 and 1997 did not contained an explanatory paragraph
regarding the Registrant's ability to continue as a going concern. Dick
Cook Schulli's reports have not contained an adverse opinion or a
disclaimer of opinion, or were qualified or modified as to uncertainty,
audit scope, or accounting principles. Nor has there been any disagreement
with Dick Cook Schulli on any matter of accounting principles or practices,
financial statement disclosure or auditing scope or procedure during the
Registrant's two most recent fiscal years and from December 31, 1997 to the
date of dismissal. Dick Cook Schulli has not advised the Registrant that
the internal controls necessary for the Registrant to develop reliable
financial statements do not exist. Nor has Dick Cook Schulli advised the
Registrant that information has come to their attention that has led them
to no longer be able to rely on management's representations, or that has
made them unwilling to be associated with the financial statements prepared
by management. Dick Cook Schulli has not advised the Registrant of the
need to expand significantly the scope of their audit, or that information
has come to their attention that if further investigated may materially
impact the fairness or reliability of either: a previously issued audit
report or the underlying financial statements; or the financial statements
issued or to be issued covering the fiscal period(s) subsequent to the date
of the most recent financial statements covered by an audit report
(including information that may prevent them from rendering an unqualified
audit report on those financial statements), or cause them to be unwilling
to rely on management's representations or be associated with the
Registrant's financial statements. Nor has Dick Cook Schulli advised the
Registrant that information has come to their attention that they have
concluded materially impacts the fairness or reliability of either (i) a
previously issued audit report or the underlying financial statements, or
(ii) the financial statements issued or to be issued covering the fiscal
period(s) subsequent to the date of the most recent financial statements
covered by an audit report (including information that, unless resolved to
the accountant's satisfaction, would prevent it from rendering an
unqualified audit report on those financial statements). Nor has Dick Cook
Schulli advised the Registrant of any other reportable event.
The Registrant has provided Dick Cook Schulli with a copy of the disclosure
contained herein and has requested that Dick Cook Schulli provide the
Registrant with a letter addressed to the U.S. Securities and Exchange
Commission stating whether they agree with the disclosure. Dick Cook
Schulli has provided such a letter, which is attached hereto as an Exhibit
to this Current Report on Form 8-K.
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Item 7. Financial Statements and Exhibits.
(C) Exhibits
16.1 Letter re Change in Certifying Accountant of Dick Cook Schulli,
dated September 4, 1998.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunder duly authorized.
WOLF INDUSTRIES, INC.
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(Registrant)
/s/Patrick McGowan
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Patrick McGowan, President
Date: September 3, 1998
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
16.1 Letter re Change in Certifying Accountant of Dick Cook
Schulli, dated September 4, 1998.
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EXHIBIT 16.1
DICK COOK SCHULLI LETTERHEAD
September 4, 1998
Securities and Exchange Commission
Washington, D.C. 20549
RE: Wolf Industries, Inc.
Dear Sir or Madam:
We have read Item 4 of the Form 8-K of Wolf Industries, Inc., dated
September 3, 1998, and agree with the statements contained therein.
Very truly yours,
/s/Dick Cook Schulli
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DICK COOK SCHULLI
