Form 8K Change in Accountants
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): January 1, 2007
__________
INNSUITES
HOSPITALITY TRUST
(Exact
Name of Registrant as Specified in Charter)
Ohio
001-07062
34-6647590
(State
or
Other Jurisdiction (Commission
(IRS
Employer
of
Incorporation) File
Number) Identification
No.)
InnSuites
Hotels Centre, 1615 E. Northern Avenue,
Suite
102, Phoenix,
Arizona
85020
(Address
of Principal Executive Offices)
(Zip
Code)
Registrant's
telephone number, including area code (602)
944-1500
______________________Not
Applicable___________________
(Former
Name or Former Address, if Changed Since Last Report)
Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
4.01 Changes
in Registrant’s Certifying Accountant.
(a) Effective
January 1, 2007, Epstein, Weber & Conover, P.L.C. (“Epstein Weber”) combined
its practice with Moss Adams LLP (“Moss Adams”) and therefore resigned as
InnSuites Hospitality Trust’s (the “Trust”) independent registered public
accounting firm. According to information provided to the Trust, all of the
partners of Epstein Weber have become partners of Moss Adams.
The
reports of Epstein Weber on the Trust’s financial statements for the fiscal
years ended January 31, 2006 and 2005 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. In connection with the audits of the
Trust’s financial statements for the fiscal years ended January 31, 2006 and
2005, and in the subsequent interim periods through January 1, 2007, there
were
no disagreements with Epstein Weber on any matter of accounting principles
or
practices, financial statement disclosure or auditing scope and procedure which,
if not resolved to the satisfaction of Epstein Weber, would have caused Epstein
Weber to make reference to the matter in its report. In connection with the
audits of the Trust’s financial statements for the fiscal years ended
January 31, 2006 and 2005, and in the subsequent interim periods through
January 1, 2007, there were no “reportable events” as that term is defined in
Item 304 of Regulation S-K promulgated under the Securities Exchange Act of
1934
("Item 304").
Epstein
Weber was provided a copy of the foregoing disclosures and was requested to
furnish the Trust with a letter addressed to the United States Securities and
Exchange Commission stating whether or not it agrees with the above disclosures.
A copy of the letter furnished pursuant to that request is filed as
Exhibit 16.1 to this Current Report on Form 8-K.
(b) Effective
January 1, 2007, the Trust engaged Moss Adams to act as the Trust’s principal
independent accountant. The Audit Committee of the Board of Trustees of the
Trust approved the decision to engage Moss Adams.
During
the fiscal years ended January 31, 2006 and 2005, and during all subsequent
interim periods through January 1, 2007, the Trust did not consult Moss Adams
regarding the application of accounting principles to a specified transaction,
either completed or proposed, the type of audit opinion that might be rendered
on the Trust’s financial statements or any matter that was the subject of a
disagreement with its former accountants or a reportable event as those terms
are defined in Item 304.
Item
9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit
16.1 - Letter from Epstein, Weber & Conover, P.L.C. to the United States
Securities and Exchange Commission regarding a change in certifying
accountant.
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.
InnSuites
Hospitality Trust
By:
/s/
Anthony B. Waters
Anthony
B. Waters
Chief
Financial Officer
Date:
January 8, 2007