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U.S. 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): June 25, 1996
GILMAN & CIOCIA, INC.
(Name of small business issuer in its charter)
Delaware 000-22996 11-2587324
(State or jurisdiction Commission (I.R.S.Employer
of incorporation or file Identification
organization) number No.)
475 Northern Boulevard, Great Neck, NY 11021
(Address of principal executive offices) (Zip Code)
(516) 482-4860
(Issuer's Telephone Number, Including Area Code)
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ITEM 4. Changes in Registrant's Certifying Accountant.
Weinick, Sanders & Co. LLP was dismissed as the principal independent
accountants of Gilman & Ciocia, Inc. (the "Company") as of June 25, 1996. Such
former principal accountant's report on the financial statements of the Company
for either of the prior two years did not contain an adverse opinion or
disclaimer of opinion, and was not modified as to uncertainty, audit scope or
accounting principles. The decision to replace the Company's independent
accountant was made by executive officers of the Company without action by the
Company's Board of Directors. There was no disagreement with the former
accountant, either that was resolved or that remained unresolved, on any matter
of accounting principles or practices, financial statement disclosure or
auditing scope or procedure. On June 25, 1996, the Company engaged BDO Seidman
as its new principal independent accountants.
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SIGNATURE
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, thereunto duly authorized.
Dated: July 2, 1996
GILMAN & CIOCIA, INC.
By: /s/ Ralph V. Esposito
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Ralph V. Esposito
Vice President (authorized signatory)
principal financial officer
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[WEINICK, SANDERS & CO. LLP LETTERHEAD]
July 3, 1996
Board of Directors
Gilman + Ciocia, Inc.
475 Northern Boulevard
Great Neck, New York 11021
Ladies and Gentlemen:
We have read the disclosure set forth under Item 4 in the Current Report on
Form 8-K dated June 25, 1996 of Gilman + Ciocia, Inc. under the Securities Act
of 1934, as amended, and we agree with the statements made therein in respect
of this firm as the former principal independent accountants of Gilman +
Ciocia, Inc.
Very truly yours,
/s/ Weinick, Sanders & Co. LLP
WEINICK, SANDERS & CO. LLP
