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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K/A
Amendment No. 2
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
August 8, 2001
(Date of Report: Date of earliest event reported)
Faraday Financial, Inc.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-22236 33-0565710
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(State or other jurisdiction (Commission File Number) (IRS Employer ID No.)
of incorporation)
145 South Main Street, Suite 1240, Salt Lake City, Utah 84111
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(Address of principal executive office)
Registrant's telephone number, including area code: (801)961-7356
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NA
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(Former name or former address, if changed since last report)
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ITEM 4. CHANGES IN REGISTRANT'S CERTIFYING ACCOUNTANT
Faraday Financial, Inc.'s former auditors Thurman Shaw & Co., L.C.
informed Faraday on August 3, 2001, that because of an internal change of
service strategy they were no longer be able to act as Faraday's auditors and
had to resign. Thurman Shaw & Co. has indicated they will no longer be
engaged in any SEC practice.
During Faraday's two most recent fiscal years ended March 31, 2000 and
2001, respectively, and any subsequent interim period preceding Thurman Shaw &
Co., L.C. resignation, Faraday had no disagreement with Thurman Shaw & Co. as
to any matter of accounting principles or practices, financial statements
disclosure or auditing scope or procedure in connection with its reports.
Thurman Shaw & Co. had not issued any adverse opinion or disclaimer of
opinion, or modified its opinion as to uncertainty, audit scope, or accounting
principles other than Thurman Shaw & Co. did question Faraday's going concern
status and ability to remain operational for a period of twelve months. The
board reviewed the resignation of Thurman Shaw & Co. and accepted the
resignation. The board of directors then hired Hansen Barnett & Maxwell of
Salt Lake City, Utah as Faraday's new auditors on August 15, 2001. Faraday
has authorized Thurman Shaw & Co. and Hansen Barnett & Maxwell to discuss any
matters regarding Faraday's financial statements and accounting systems. The
change in auditors has been approved by Faraday's board of directors. Faraday
has not consulted Hansen Barnett & Maxwell on any particular accounting
issues.
Faraday has had no disagreements with Thurman Shaw & Co., whether or not
resolved, on any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which, if not resolved
to Thurman Shaw & Co.'s satisfaction, would have caused it to make reference
to the subject matter of the disagreements in connection with its report.
Faraday had no disagreements or discussions with Thurman Shaw & Co. on any
matters of concern to either party. Additionally Thurman Shaw & Co. had not
expressed concern on Faraday's internal accounting controls or on any matters
regarding management.
Faraday has requested that Thurman Shaw and Hansen Barnett & Maxwell
review the foregoing disclosure and for Thurman Shaw & Co. to provide letter
addressed to the Securities an Exchange Commission stating whether they agree
with the above statements and, if not, stating in what respects they do not
agree. Thurman Shaw's letter is included as an exhibit to this report on Form
8-K.
ITEM 7. EXHIBITS
The following exhibits are included as part of this report:
SEC
Exhibit Reference
Number Number Title of Document Location
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16 16.01 Revised Letter from Thurman Shaw
& Co. relating to its resignation This filing
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunder duly authorized.
Faraday Financial, Inc.
By: /s/
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Date: November 20, 2001 Frank Gillen, President