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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Earliest Event Reported: October 13, 1998
TAURUS ENTERTAINMENT COMPANIES, INC.
(Exact name of registrant as specified in its charter)
formerly, Taurus Petroleum, Inc.
Colorado 84-0736215 0-8835
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation or organization) Identification No.)
3113 Bering Drive
Houston, Texas 77057
(Address of principal executive offices, including zip code)
(713) 785-0444
(Registrant's telephone number, including area code)
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Item 4. Changes in Registrant's Certifying Accountant
Simonton, Kutac & Barnidge, L.L.P. ("SK&B") served as Taurus Entertainment
Companies, Inc.'s (the "Company"") independent auditor until October 13,
1998, when SK&B was dismissed. Also on October 13, 1998, the firm of Jackson &
Rhodes, P.C. was appointed as the Company's independent auditors for the fiscal
year ended June 30, 1998.
There were no disagreements between the Company and SK&B whether resolved
or not resolved, on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure, which, if not resolved,
would have caused them to make reference to the subject matter of the
disagreement in connection with their report.
The report of SK&B for the past fiscal year did not contain any adverse
opinion or disclaimer of opinion, excepting a "going concern" qualification, and
was not qualified or modified as to uncertainty, audit scope or accounting
principles.
The decision to change principal accountants was submitted for approval to
the entire Board of Directors and made at their request.
Also, during the Company's most recent fiscal year, and since then, SK&B
has not advised the Company that any of the following exist or are applicable:
(1) That the internal controls necessary for the Company to develop
reliable financial statements do not exist, that information has come to their
attention that has lead 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;
(2) That the Company needs to expand significantly the scope of its audit,
or that information has come to their attention that if further investigated may
materially impact the fairness or reliability of a previously issued audit
report or the underlying financial statements or any other financial
presentation, or cause them to be unwilling to rely on management's
representations or be associated with the Company's financial statements for the
foregoing reasons or any other reason; or
(3) That they have advised the Company that information has come to their
attention that they have concluded materially impacts the fairness or
reliability of either a previously issued audit report or the underlying
financial statements for the foregoing reasons or any other reason.
Prior to the engagement of Jackson & Rhodes as independent auditors, the
Company had not consulted Jackson & Rhodes regarding 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 any other financial presentation whatsoever.
SK&B provided the Company with a letter addressed to the Securities and
Exchange Commission in which SK&B agreed with the disclosure contained herein.
2
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Exhibits
16.1 Letter on change in certifying accountant
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report on Form 8-K to be signed on its behalf by
the undersigned hereunto duly authorized.
TAURUS ENTERTAINMENT COMPANIES, INC.
Date: October 15, 1998 By: /s/ Eric Langan
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Eric Lagan, President
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INDEX TO EXHIBITS
EXHIBIT SEQUENTIAL
NUMBER DESCRIPTION
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16.1 Letter on change in certifying accountant
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October 14, 1998
Securities and Exchange Commission
450 5th Street N.W.
Washington, D.C. 20549
Gentlemen:
We have been furnished with a copy of the response to Item 4 of Form 8-K for the
event that occurred on October 13, 1998, to be filed by our former client,
Taurus Entertainment Companies, Inc. We agree with the statements made in
response to that Item insofar as they relate to our Firm.
Very truly yours,
/S/ Simonton, Kutac & Barnidge L.L.P.
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