OWHC - Ocean West Holdings (fka OWHC)

[slow_feet]

Amended 8-K

changes that I can detect:
--slight wording change on Item 4.(a)(2): see text after "March 31, 2001"

--letter from Stonefield is now dated Nov. 7th and references
agreeing with "Item 4 (a) through (4)"; the original letter, dated Oct. reads "Item 4".

============================
Item 4. Changes in Registrant’s Certifying Accountant



Items 4(a) and 7(c) of our Current Report on Form 8-K as filed with the Commission on November 4, 2003, are hereby amended and restated in their entirety as follows:



(a) Previous independent accountants



1. On October 29, 2003, Stonefield Josephson LLC, the independent accountant previously engaged as the principal accountant to audit the financial statements of Ocean West Holding Corporation (“OWHC”), was dismissed.



2. The reports of Stonefield Josephson LLC on OWHC’s consolidated financial statements for the six month period ending September 30, 2002 and fiscal years ending March 31, 2002 and March 31, 2001 included explanatory paragraphs related to OWHC’s ability to continue as a going concern, but were not otherwise qualified or modified as to audit scope or accounting principles.



3. During OWHC’s six month period ending September 30, 2002 and fiscal years ending March 31, 2002 and March 31, 2001 and the subsequent interim period through October 29, 2003, there have been no disagreements with Stonefield Josephson LLC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope and procedure, which disagreements, if not resolved to the satisfaction of Stonefield Josephson LLC, would have caused Stonefield Josephson LLC to make reference to the subject matter of the disagreements in connection with its report on the financial statements for such years.



4. OWHC has requested that Stonefield Josephson LLC furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements. A copy of this letter, dated November 7, 2003 is filed as Exhibit 16.1 to this Form 8-K.



(b) New independent accountants



On October 29, 2003 OWHC engaged Hein + Associates LLP as the independent accountant to act as the principal accountant to audit OWHC’s financial statements. OWHC did not consult with Hein + Associates LLP on the application of accounting principles to a specified transaction, or the type of audit opinion that might be rendered on OWHC’s financial statements or any disagreements or a reportable event.



Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.



(b) Exhibits



16.1 Letter from Stonefield Josephson LLC dated November 7, 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 thereto duly authorized.



Date: November 7, 2003
OCEAN WEST HOLDING CORPORATION

By: /s/ DARYL S. MEDDINGS

--------------------------------------------------------------------------------

Daryl S. Meddings

Executive Vice President and Chief Financial Officer

(Principal Financial and Accounting Officer)





http://www.sec.gov/Archives/edgar/data/1104538/000119312503077405/d8ka.htm