8-K 1 apr22_8k.htm 8-K April 22, 2002

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)

April 16, 2002

  

 

NATIONAL RURAL UTILITIES COOPERATIVE FINANCE CORPORATION

(Exact name of registrant as specified in its charter)

  

 

District of Columbia

1-7102

52-0891669

(state or other jurisdiction

(Commission File Number)

(I.R.S. Employer Identification No.)

      

 

Woodland Park, 2201 Cooperative Way, Herndon, VA

20171-3025

(Address of principal executive offices)

(Zip Code)

  

Registrant's telephone number, including area code: (703) 709-6700

 

(Former name or former address, if changed since last report)

 

 

 

 

  

Item 4.

Changes in Registrant's Certifying Accountant

 
  

On April 16, 2002, National Rural Utilities Cooperative Finance Corporation ("CFC") rescinded an earlier decision to retain Arthur Andersen LLP ("Arthur Andersen") as independent public accountants for the audit of its fiscal year ending May 31, 2002.

   

On April 16, 2002, CFC engaged Ernst & Young LLP ("Ernst & Young") as independent public accountants for the audit of its fiscal year ending May 31, 2002.

   

There have been no disagreements with Arthur Andersen in the previous two fiscal year audits or the subsequent interim period on any matter of accounting principles or procedures, financial statement disclosure or auditing scope or procedure which if not resolved to Arthur Andersen's satisfaction would have caused it to make reference to the subject matter of the disagreement in connection with its report. During that period there were no "reportable events" (as defined in Item 304(a)(1)(v) of Regulation S-K). CFC did not (nor did anyone on its behalf) consult with Ernst & Young regarding any matters or events set forth in Item 304(a)(2)(i) and (ii) of Regulation S-K.

   

 

   

Item 7.

Financial Statements, Proforma Financial Information and Exhibits

      
 

(c)

Exhibits

   

16.1    Letter from Arthur Andersen Regarding Changes in Certifying Accountant

    
   

 

 

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.

  

 

 

NATIONAL RURAL UTILITIES COOPERATIVE

FINANCE CORPORATION

  

 

/s/ Angelo Salera

Angelo Salera

Acting Chief Financial Officer

(Principal Financial Officer)

  
 
  

Dated: April 22, 2002

   
  

 

 

 

  

EXHIBIT

   

Concurring Letter from Independent Auditor

  
  
  

April 19, 2002

  

Office of the Chief Accountant

Securities and Exchange Commission

450 Fifth Street, N.W.

Washington, D.C. 20549

  
 

Dear Sir/Madam:

  

We have read Item 4 included in the Form 8-K dated April 16, 2002 of National Rural Utilities Cooperative Finance Corporation filed with the Securities and Exchange Commission and are in agreement with the statements contained therein.

  

Very truly yours,

 

ARTHUR ANDERSEN LLP

  

By

/s/ Randall B. Johnston

Randall B. Johnston