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): March 7, 2000
ANDEAN DEVELOPMENT CORPORATION
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(Exact name of registrant as specified in its charter)
FLORIDA 33-90696 65-0648697
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State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
801 BRICKELL SQUARE, SUITE 900, MIAMI, FLORIDA 33131
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (305) 372-0056
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Item 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT.
On March 7, 2000, the Registrant engaged PricewaterhouseCoopers, to act
as the Registrant's independent certified public accountant.
PricewaterhouseCoopers replaces Spear, Safer, Harmon & Co. The contract with
Spear, Safer, Harmon & Co. lapsed and the Registrant declined to renew the
engagement for reasons outlined below.
Since the Registrant appointed Spear, Safer, Harmon & Co. on or before
January, 1996, there have been no disagreements with Spear, Safer, Harmon & Co.
on any matter of accounting principles or practices, financial statement
disclosure, or auditing scope or procedure or any reportable events. The
Auditors Reports on the financial statements for the Registrant since the fiscal
year ended December 1995 did not contain any adverse opinion or a disclaimer of
opinion.
The Registrant, due to its desire to operate on an international basis,
especially in Spain and Chile, has concluded that Andean Development Corporation
as a whole would be better served by an accounting firm with an international
presence and knowledge of international generally accepted auditing standards.
In particular, the Registrant has used PricewaterhouseCoopers Auditores, S.A. of
Spain as independent auditors to Equipos de Control Electrico, S.A. and to
Construcciones Electromecanicas Consonni, S.A., subsidiaries of Consonni USA,
Inc., a Florida corporation in which the Registrant has a 55% interest.
The Registrant has authorized Spear, Safer, Harmon & Co. to respond
fully to the inquiries of PricewaterhouseCoopers. Spear, Safer, Harmon & Co. has
provided the Registrant with a letter addressed to the Securities and Exchange
Commission, as required by Item 304(a)(3) of Regulation S-K.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Exhibit 16.1 Letter regarding change in certifying accountant.
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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.
ANDEAN DEVELOPMENT CORPORATION
Date: March 7, 2000 By:/s/ PEDRO P. ERRAZURIZ
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Pedro P. Errazuriz, CEO
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EXHIBIT INDEX
EXHIBIT DESCRIPTION
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16.1 Letter Regarding Change in Certifying Accountant.
EXHIBIT 16.1
SPEAR, SAFER,
HARMON & CO.
PROFESSIONAL
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ASSOCIATION
CERTIFIED PUBLIC ACCOUNTANTS
8350 N.W. 52ND TERRACE, SUITE 301
MIAMI, FLORIDA 33166
1-800-776-1099
TEL: (305) 591-8850
FAX: (305) 593-9883
March 13, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Andean Development Corp.
File Ref. No. 33-90696
Dear Sirs/Mesdames:
We were previously the principal accountants for Andean Development Corp. and,
under the date of February 20, 1999, we reported on the consolidated financial
statements of Andean Development Corp. and Subsidiaries as of the period ending
December 21, 1998 and 1997. On March 13, 2000, our appointment as principal
accountant was terminated. We have read Andean Development Corp.'s statements
under Item 4 of its Form 8-K dated March 7, 2000 and we agree with such
statements.
Very truly yours,
SPEAR, SAFER, HARMON & CO.
