United States
Securities and Exchange Commission
Washington, DC 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 10, 2003
PIF/Cornerstone Ministries Investments, Inc.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
Georgia 333-93475 58-2232313
- ------- ------------- ----------
(State or other jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
6030 Bethelview Road, Suite 203, Cumming, GA 30040
- -------------------------------------------- -----
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 678-455-1100
------------
Item 4. Changes in Registrant's Certifying Accountant. On February 10, 2003,
registrant engaged an independent accountant, Robert N. Clemons, CPA, PA, as the
principal accountant to audit the registrant's financial statements.
As reported by the registrant on Form 10-Q for the period ending June 30, 2002,
filed August 13, 2002, its independent accountant, a sole practitioner, died
suddenly and unexpectedly on July 20, 2002.
Prior to engaging Mr. Clemons, the registrant did not consult him about the
application of accounting principles to a specified transaction, either
completed or proposed, or the type of audit opinion that might be rendered on
the registrant's financial statements. The registrant did consult with Mr.
Clemons about the application of accounting principles to its business
generally, such as the amortization of loan fees. Mr. Clemons' oral advice was
that SFAS No. 91 would be followed. The former accountant was deceased and
therefore not consulted. Mr. Clemons was asked to review this disclosure before
it was filed with the Commission. He has advised the registrant that he will not
be furnishing the registrant with a letter described in Item 304(a)(2)(i)(D).
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.
PIF/Cornerstone Ministries Investments, Inc.
--------------------------------------------
(Registrant)
S/JOHN T. OTTINGER
--------------------------------------------
John T. Ottinger, Vice President, Chief
Operating Officer, Chief Financial Officer
Date: February 13, 2003