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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 (Date of earliest event reported): January 21, 1998
CONSOLIDATED CAPITAL OF NORTH AMERICA, INC.
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(Exact Name of Registrant as Specified in Its Charter)
Colorado 0-21821 93-0962072
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State or Other Jurisdiction Commission IRS Employer
Of Incorporation or Organization File Number Identification No.
410 17th Street, Suite 400 Denver, Colorado 80202
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Address of Principal Executive Offices and Zip Code
Registrant's telephone number, including area code (888) 313-8051
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Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
(a) The independent accountants who previously audited the Registrant's
financial statements for the fiscal year ended December 31, 1996, Grant Thornton
LLP, were dismissed by vote of the Board of Directors, effective January 21,
1998. This decision to change accountants was approved by the members of the
audit committee of the Board of Directors. The prior accountants' report on
financial statements for the fiscal year ended December 31, 1996 did not contain
an adverse opinion or a disclaimer of opinion; nor was it modified as to
uncertainty, audit scope or accounting principles. Prior to the dismissal of
Grant Thornton LLP, there were no disagreements between the Registrant and Grant
Thornton LLP on any matter of accounting principles or practices, financial
statement disclosure or auditing scope or procedure, which disagreement, if not
resolved to the satisfaction of the former accountant would have caused it to
make reference to the subject matter of the disagreement in connection with its
report. Furthermore there are no unresolved issues with the prior accountants.
(b) The Board of Directors of the Registrant appointed Arthur Andersen
LLP as the Registrant's new certifying accountants to audit the Registrant's
financial statements effective January 21, 1998. Arthur Andersen LLP was not
consulted concerning the application of accounting principles to any specific
transaction, either completed or proposed or the type of audit opinion that
might be rendered on the Registrant's financial statements, nor was a written
report provided to the Registrant nor oral advice given by the new accountant
regarding important factors considered by the Registrant in reaching its
decision as to any accounting, auditing or financial reporting issue.
Item 7. FINANCIAL STATEMENTS AND EXHBITS
(c) Exhibit 16.2 Letter from Grant Thornton LLP re change of
certifying accountant. [To be filed by Amendment]
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CONDOLIDATED CAPITAL OF NORTH AMERICA, INC.
By: /s/ Donald R. Jackson
Donald R. Jackson
Chief Financial Officer,
Treasurer and Secretary
Date: January 28, 1998
