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): August 15, 2005
IMPERIAL PETROLEUM, INC.
(Exact name of registrant as specified in its charter)
NEVADA 0-9923 95-338601
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(State or other (Commission File No.) (I.R.S. Employer
jurisdiction of Identification No.)
incorporation)
329 MAIN STREET, SUITE 801, EVANSVILLE, IN 47708
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (812) - 867-1433
ITEM 1. Changes in Control:
None.
ITEM 4. Changes in Registrant's Certifying Accountants:
Weaver & Tidwell LLP has notified the Registrant that it has resigned as
auditor effective as of August 15, 2005. Weaver & Tidwell LLP audited the
Registrant's financial records for the year ended July 31, 2004 and issued
an unqualified opinion in connection with the audit. The opinion issued by
Weaver & Tidwell has not been qualified, modified as to audit certainty,
audit scope or accounting principles or has included any disclaimer of
opinion.
Weaver & Tidwell notified the Audit Committee in connection with its audit
as of July 31, 2004, that a material weakness existed in the Company's
internal controls such that in its belief " the accounting personnel of the
Company do not possess the necessary skills to achieve accurate financial
reporting in accordance with U.S. generally accepted accounting principals
nor the requirements of the Securities & Exchange Act of 1934 Rules 13a-14
and 15d-14." Furthermore, Weaver & Tidwell advised the Audit Committee that
a reportable condition was also noted in the Company's internal controls in
regards to segregation of duties and that the Company should take steps to
segregate duties in the accounting function to assist in alleviating these
control deficiencies. The Company's management accepted the comments and
recommendations of Weaver & Tidwell without dispute and the Audit Committee
has subsequently authorized the Company to seek and retain third party
bookkeeping services with respect to its accounting functions. The Company
has not yet retained those services in connection with its current audit.
In discussions with its new auditors, Briscoe Burke & Grigsby LLP the
Company has advised them that it intends to retain such services.
During each of the Registrant's prior two fiscal years ending July 31, 2003
And July 31, 2002, the Registrant's previous auditors, Briscoe, Burke &
Grigsby LLP issued unqualified opinions with an explanatory fourth
paragraph pertaining to the Registrant's ability to continue as a going
concern. None of these opinions issued by Briscoe, Burke & Grigsby LLP for
the prior two fiscal years have been qualified, modified as to audit
uncertainty, audit scope or accounting principles or have included any
disclaimer of opinion. There are and have been no disagreements or disputes
with the Registrant's prior auditors in regard to accounting principles,
accounting procedures or similarly significant items during the
registrant's prior two fiscal years or any interim periods.
By approval of the Registrant's Board of Directors, Registrant has retained
Briscoe, Burke & Grigsby LLP on August 18, 2005 to replace Weaver & Tidwell
LLP as the Registrant's certified public accountants and to complete audits
of the Registrant's financial accounts and records for the fiscal year
ending July 31, 2005.
ITEM 7. Financial Statements and Exhibits:
None.
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.
Imperial Petroleum, Inc.
By: ___________________
Jeffrey T. Wilson
President
Dated: August 19, 2005
Exhibit 16
August 18, 2005
Jeffrey T. Wilson
President
Imperial Petroleum, Inc.
329 Main Street, Suite 801
Evansville, IN 47708
Re: Form 8-K
Dear Sir:
In accordance with your request we have reviewed your proposed Form 8-K filing
in regards to the resignation of Weaver & Tidwell LLP as the auditors for
IMPERIAL PETROLEUM INC for the fiscal year ending July 31, 2005 and we agree
with the statements made in the amended Form 8-K filing as they pertain to
Weaver & Tidwell LLP and our prior services rendered as the Company's auditors.
Sincerely,
Weaver & Tidwell LLP
Managing Partner