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
August 28, 1997
(Date of Report)
NITCHES, INC.
(Exact Name of Registrant as Specified in its Charter)
Commission File No. 0-13851
California
(State or Other Jurisdiction
of Incorporation)
95-2848021
(IRS Employer Identification No.)
10280 Camino Santa Fe
San Diego, California 92121
(Address of Principal Executive Offices)
(619) 625-2633
(Registrant's Telephone No.)
<PAGE>
Item 4. Changes in Registrant's Certifying Accoutant.
Upon the recommendation of the Audit Committee, the Board of Directors of
the Company has decided to change its independent auditor effective August 26,
1997. The Company has retained Moss Adams LLP on August 26, 1997 as its new
independent auditor, replacing Deloitte & Touche LLP. Moss Adams LLP will audit
the Company's financial results for its fiscal year ended August 31, 1997. The
Company has not previously consulted Moss Adams with regard to any accounting
matters.
The Company made the decision to change auditors based principally on the
cost structure proposed by the two auditors. Deloitte & Touche LLP's reports on
the financial statements of the Company for the past two year's and the interim
period through August 26, 1997, did not contain an adverse opinion or a
disclaimer of opinion, and were not qualified or modified as to uncertainty,
audit scope, or accounting principles, and there were no disagreements with
Deloitte & Touche LLP during the registrant's two most recent fiscal years.
The registrant provided Deloitte & Touche LLP with a copy of this report
prior to filing it with the Commission and requested that Deloitte & Touche LLP
provide the Commission with a letter stating that it agrees with the disclosures
contained in this report. The letter is attached as an exhibit to this report.
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.
Dated: August 28, 1997 NITCHES, INC.
By:/s/ Steven P. Wyandt
-------------------------------
Steven P. Wyandt, President
August 28, 1997
Securities and Exchange Commission
Mail Stop 9-5
450 5th Street, NW
Washington, D.C. 20549
Dear Sirs/Madam:
We have read and agree with the comments in Item 4 of Form 8-K of Nitches, Inc.
dated August 28, 1997.
Yours truly,
Deloitte & Touche LLP
