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): February 18, 1998
WORLD WIDE STONE CORPORATION
----------------------------
(Exact name of registrant as specified in its charter)
NEVADA 0-18389 33-0297934
--------------- --------------------- ---------------------
(State or other (Commission File No.) (IRS Employer ID No.)
jurisdiction of incorporation)
5236 S. 40th Street, Phoenix, Arizona 85040
--------------------------------------------------
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (602) 438-1001
<PAGE>
WORLD WIDE STONE CORPORATION
FORM 8-K
CURRENT REPORT
ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Effective February 18, 1998, the Company dismissed Mark Shelley, CPA
("Shelley") and enaged Arthur Andersen LLP ("Arthur Andersen") as its
independent public accountant. The change in independent public accountant was
approved by the Board of Directors of the Company. Shelley's report on the
financial statements of the Company for the year ended December 31, 1996, did
not contain an adverse opinion or a disclaimer of opinion and was not qualified
or modified as to uncertainty, audit scope, or accounting principles. During the
term of Shelley's engagement, there were no disagreements on any matter of
accounting principles or practices, financial statement disclosure, or auditing
scope or procedure which, if not resolved to the satisfaction of Shelley, would
have caused him to make reference to the subject matter of the disagreement in
connection with his report. Prior to retaining Arthur Andersen, the Company had
not consulted with Arthur Andersen regarding the application of accounting
principles or the type of opinion that might be rendered on the Company's
financial statements. The Company has authorized Shelley to respond fully to
inquiries from Arthur Andersen.
ITEM 7. EXHIBITS.
Exhibit No. Description of Exhibit
- ----------- ----------------------
16 Letter Re: Change in Certifying Accountant
2
<PAGE>
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.
March 27, 1998 WORLD WIDE STONE CORPORATION
By: /s/ Spencer Cunningham
----------------------------
Spencer Cunningham
Executive Vice President
3
EXHIBIT 16
M.A. Shelley International
a full service certified public accounting firm
110 S. Measa Dr. #1
Mesa, AZ 85210
(602) 833-4054
(602) 969-7056
March 24, 1998
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
I was previously the independent auditor for World Wide Stone
Corporation. I reported on the years December 31, 1990 through December 31,
1996. In March, 1998 I was notified that my appointment as auditor for the
company was terminated. I have read the statement by the company included under
Item 4 of its Form 8-K regarding a change in auditors and I have no disagreement
with that statement.
Sincerely,
/s/ Mark Shelley
Mark Shelley CPA
M.A. Shelley International
