FORM 8-K - CURRENT REPORT
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: December 8, 1997
NATIONAL PROPERTY INVESTORS 4
(Exact name of registrant as specified in its charter)
California 0-10412 13-3031722
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification
Number)
One Insignia Financial Plaza
Post Office Box 1089
Greenville, South Carolina 29602
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (864) 239-1000
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
As of December 8, 1997, Imowitz Keonig & Co., LLP, the independent accountant
previously engaged as the principal accountant to audit the financial statements
of National Property Investors 4 (the "Registrant" or the "Partnership"), was
dismissed. As of the same date, the firm of Ernst & Young, LLP was engaged to
provide that service for the Registrant.
The audit reports of Imowitz Koenig & Co., LLP on the financial statements of
the Partnership as of and for the years ended December 31, 1996 and 1995, did
not contain any adverse opinion or disclaimer of opinion, nor were they
qualified or modified as to uncertainty, audit scope or accounting principles.
The decision to change accountants was approved by the board of directors of the
managing general partner of the Partnership on December 8, 1997.
During the Partnership's two most recent fiscal years and any subsequent interim
period preceding the change, there were no disagreements with the former
accountant on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which disagreements, if
not resolved to the satisfaction of the former accountant, would have caused it
to make reference to the subject matter of the disagreements in connection with
its report.
The Registrant has provided a copy of this disclosure to the former accountant,
and the Registrant requested that the former accountant furnish the Securities
and Exchange Commission with a letter stating whether it agrees with the
statements made by the Registrant, and, if not, stating the respects in which it
does not agree. A copy of the former accountant's response indicating agreement
is included as an exhibit to this report.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of businesses acquired. - Not Applicable
(b) Pro forma financial information. - Not Applicable
(c) Exhibits
The following exhibit is filed as part of this report:
Exhibit No. Exhibit
16 Letter dated December 8, 1997, from the
Registrant's former independent accountant
regarding its concurrence with the statements
made by the Registrant in this Current Report
SIGNATURES
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 hereunto duly authorized.
NATIONAL PROPERTY INVESTORS 4
By: NPI EQUITY INVESTMENTS, INC.
Its Managing General Partner
/s/William H. Jarrard, Jr.
William H. Jarrard, Jr.
President and Director
/s/Ronald Uretta
Ronald Uretta
Vice President and Treasurer
Date: December 9, 1997
December 8, 1997
Securities and Exchange Commission
450 5th Street, N.W.
Washington, DC 20549
RE: NATIONAL PROPERTY INVESTORS 4
COMMISSION FILE NUMBER: 0-10412
Gentlemen:
We have read and agree with the comments in Item 4 of Form 8-K of National
Property Investors 4 dated December 8, 1997.
Imowitz Koenig & Co., LLP
New York, New York
December 8, 1997
