SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K/A
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) APRIL 7, 2005
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THE A CONSULTING TEAM, INC.
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
NEW YORK 0-22945 13-3169913
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(STATE OR OTHER JURISDICTION (COMMISSION FILE (IRS EMPLOYER
OF INCORPORATION) NUMBER) IDENTIFICATION NO.)
200 PARK AVENUE SOUTH, NEW YORK, NEW YORK 10003
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(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (212) 979-8228
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(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
EXPLANATORY STATEMENT:
This Form 8-K/A amends and restates the disclosure provided in the Form
8-K filed with the Securities and Exchange Commission on April 8, 2005.
Item 4.01. Changes in Registrant's Certifying Accountant.
(a) Dismissal of Grant Thornton LLP
Grant Thornton LLP was previously the principal accountant for The A
Consulting Team, Inc. The Audit Committee of the Board of Directors of the
Company approved the dismissal of Grant Thornton LLP on April 7, 2005.
Grant Thornton LLP's reports on the Company's financial statements for
the years ended December 31, 2003 and December 31, 2004 did not contain an
adverse opinion or a disclaimer of opinion, and were not qualified or modified
as to uncertainty, audit scope or accounting principles. During the fiscal years
ended December 31, 2003 and December 31, 2004 and during the subsequent interim
period through the date of dismissal, there were no disagreements with Grant
Thornton LLP on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedures, which disagreements if
not resolved to their satisfaction would have caused them to make reference in
connection with their opinion to the subject matter of the disagreement. During
the two years ended December 31, 2003 and December 31, 2004 and during the
subsequent interim period through the date of dismissal, there were no
reportable events (as defined in Regulation S-K Item 304(a)(1)(i)).
(b) Engagement of Mercadien, P.C.
The Audit Committee of the Board of Directors of the Company engaged
Mercadien, P.C. as the independent auditors of the Company on April 7, 2005.
Mercadien, P.C. was not engaged as either the principal accountant to audit the
Company's financial statements or as an independent accountant to audit a
significant subsidiary of the Company during the years ended December 31, 2003
and December 31, 2004 or during the subsequent interim period through the date
of engagement. In addition, the Company did not consult Mercadien, P.C.
regarding either (i) 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 Company's financial statements, or (ii) any matter that
was either the subject of a disagreement (as defined in Regulation S-K Item
304(a)(1)(iv) or a reportable event (as defined in Regulation S-K Item
304(a)(1)(i)) during the years ended December 31, 2003 and December 31, 2004 or
during the subsequent interim period through the date of engagement.
Item 7. Exhibits.
(c) Exhibits
Ex. No. Description
16.1 Letter, dated April 14, 2005, of Grant Thornton LLP
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.
THE A CONSULTING TEAM, INC.
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Registrant
By: /s/ Richard D. Falcone
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Name: Richard D. Falcone
Title: Chief Financial Officer
Dated: April 14, 2005
EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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16.1 Letter, dated April 14, 2005, of Grant Thornton LLP