UNITED STATES 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 8, 2002
CREDITRISKMONITOR.COM, INC.
(Exact name of registrant as specified in its charter)
NEVADA 1-8601 36-2972588
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification No.)
110 Jericho Turnpike, Suite 202, Floral Park, NY 11001-2019
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including
area code: (516) 620-5400
Item 4. Changes in Registrant's Certifying Accountant.
(a)(1)(i) On August 8, 2002, at the recommendation of the Audit Committee, the
Board of Directors of CreditRiskMonitor.com, Inc. (the "Registrant") terminated
the engagement of its independent public accountants, Arthur Andersen LLP
("Arthur Andersen").
(ii) Arthur Andersen's report on the Registrant's financial statements for the
past two years contained no adverse opinion or a disclaimer of opinion, nor was
it qualified or modified as to uncertainty, audit scope or accounting
principles.
(iii) The decision to change the Registrant's independent public accountants was
recommended by the Registrant's Audit Committee and approved by the Registrant's
Board of Directors on August 8, 2002.
(iv) During the Registrant's two most recent fiscal years and any subsequent
interim period preceding such dismissal, there were no disagreements with Arthur
Andersen on any matters of accounting principles or practices, financial
statement disclosure, or auditing scope and procedures.
(v) During the Registrant's two most recent fiscal years and any subsequent
interim period preceding such dismissal, the Registrant had no reportable events
as described in Item 304(a)(1)(v) of Regulation S-K.
The Registrant attempted to contact Arthur Andersen to request that Arthur
Andersen furnish it with a letter addressed to the Securities and Exchange
Commission stating whether it agrees with the above statements, and, if not,
stating the respects in which it does not agree. The individual who is
responsible for furnishing such letters is out of the country until August 19,
2002. Accordingly, pursuant to Item 304T(b)(2) of Regulation S-K, the Registrant
is not required to comply with Item 304(a)(3) and no response from Arthur
Andersen has been filed as an exhibit hereto.
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.
CREDITRISKMONITOR.COM, INC.
By: /s/ Lawrence Fensterstock
-----------------------------
Lawrence Fensterstock
Chief Financial Officer
DATE: August 13, 2002