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
October 13, 2003
Date of Report (date of earliest event reported)
Telecommunications Income Fund X, L.P.
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(Exact name of registrant as specified in its charter)
Iowa 0-25574 42-1401715
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(State of Other Jurisdiction of (Commission File (IRS Employer
Incorporation or Organization) Number) Identification No.)
701 Tama Street, Marion, Iowa 52302
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(Address of Principal Executive Offices)
(319) 447-5700
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(Issuer's telephone number)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 4. Changes in Registrant's Certifying Accountant.
On October 13, 2003, Telecommunications Income Fund X, L.P. ("Partnership")
notified Deloitte & Touche ("Deloitte") that it would be dismissing Deloitte and
appointing a new independent certifying accountant for the current fiscal year.
The Partnership has engaged McGladrey & Pullen, LLP as its new independent
certifying accountant for the current fiscal year. The audit committee of the
board of directors has approved these changes.
The audit reports of Deloitte on the financial statements of the Partnership as
of and for the fiscal years ended December 31, 2002 and 2001 included an
explanatory paragraph as to the uncertainty of valuation of an entity in
liquidation and the amounts realizable from the disposition of the remaining
assets. Except as described above, the audit reports did not contain any adverse
opinion or disclaimer of opinion, nor were they qualified or modified as to
uncertainty, audit scope or accounting principles.
During the fiscal years of the Partnership ended December 31, 2002 and 2001 and
the subsequent interim period preceding the Partnership's notification to
Deloitte of its intention to dismiss Deloitte, there were no disagreements
between the Partnership and Deloitte on any matter of accounting principles or
practices, financial statement disclosure, or auditing scope of procedure, which
disagreements, if not resolved to Deloitte's satisfaction, would have caused
Deloitte to make reference to the subject matter of the disagreement in
connection with its reports. There were no reportable events described under
Item 304(a)(1)(v) of Regulation S-K.
Item 7. Financial Statements and Exhibits.
Exhibit 16-Letter from Deloitte & Touche to the Securities and Exchange
Commission dated October 15, 2003.
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.
Telecommunications Income Fund X, L.P.
Date: October 16, 2003 /s/ Ronald O. Brendengen
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Ronald O. Brendengen
Chief Financial Officer
Berthel Fisher & Company Leasing,
Inc.
General Partner