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 25, 1997
APPLIED RESEARCH CORPORATION
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(Exact name of registrant as specified in its charter)
COLORADO 01-10076 86-0585693
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(State or other (Commission file number) (Employer Identi-
incorporation fication No.)
8201 Corporate Drive, Suite 1120, Landover, MD 20785
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (301) 459-8442
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(Former name or former address, if changed since last report)
ITEM 4: CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT
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On August 25, 1997, the Company's Board of Directors approved a change in
the Company's certifying accountant. The change was effective August 25,
1997.
The independent accountants who were previously engaged as the principal
accountant to audit the Company's financial statements were Friedman & Fuller,
P.C., Certified Public Accountants. The reports of Friedman & Fuller, P.C.,
covering the Company's 1996, 1995 and 1994 consolidated financial statements
contain a going concern qualification. Other than the foregoing, none of
Friedman & Fuller, P.C.'s reports over the past two (2) years on the financial
statements of the Company contained any adverse opinion or disclaimer of
opinion, or was qualified or was modified as to uncertainty, audit scope of
accounting principles. Nor have there been any disagreement with the Company
and Friedman & Fuller, P.C., on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope or procedure
during the past two (2) years and through the date of this report on Form 8-K.
The Company has retained the accounting firm of Aronson, Fetridge and
Weigle, A Professional Corporation, Certified Public Accountants, to serve as
the Company's principal accountant to audit the Company's financial
statements. This engagement is effective August 25, 1997.
Prior to its engagement as the Company's principal independent
accountant, Aronson, Fetridge and Weigle has not been consulted by the Company
either with respect to the application of accounting principles to a specific
transaction or the type of audit opinion that might be rendered on the
Company's financial statements or on any matter which was the subject of any
prior disagreement between the Company and its previous certifying accountant.
Aronson, Fetridge and Weigle has been provided a copy of this report on Form
8-K.
ITEM 7: EXHIBITS
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* 1.0 Letter of Friedman & Fuller, P.C., Certified Public Accountants,
filed pursuant to Item 304(a)(3) of Regulation S-K
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* To be filed by amendment
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 hereunto duly authorized.
APPLIED RESEARCH CORPORATION
Dated: 8/27/97 By: /s/ S.P.S. Anand
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Dr. S.P.S. Anand, President