8-K

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 8-K

                Current Report Pursuant to Section 13 or 15(d) of
                           The Securities Act of 1934


     Date of Report (Date of earliest event reported): September 18, 2003


                         CANTERBURY CONSULTING GROUP, INC.
                        ---------------------------------
             (Exact name of registrant as specified in its charter)

         Pennsylvania                                    23-2170505
- -------------------------------          -------- -----------------------
(State of Incorporation)                 (IRS Employer Identification Number)


                               352 Stokes Road
                                  Suite 200
                          Medford, New Jersey  08055
                  (Address of principal executive offices)

                    Telephone Number:  (609) 953-0044








ITEM 5. OTHER EVENTS

Canterbury Consulting Group, Inc. announced that its attorneys have
initiated mandatory arbitration proceedings against Ceridian Corporation,
whose principal place of business is located at 3311 East Old Shakopee
Road, Minneapolis, Minnesota  55425-1640, as called for in the Stock
Purchase Agreement between the parties.  Canterbury has filed for binding
arbitration, which will take place in Philadelphia, Pennsylvania before
the American Arbitration Association.

Canterbury's claims arise from the September 2001 purchase of User
Technology Services, Inc. for $3,600,000, which at the time was a wholly
owned subsidiary of Ceridian Corporation.  Canterbury is making various
claims ranging from breach of contract/warranty to actual/legal fraud,
fraudulent concealment, constructive/equitable fraud, and
negligent/misrepresentation.

Ceridian has denied the allegations set forth by Canterbury and has
instituted a counterclaim in the arbitration proceedings.  Ceridian is
claiming breach of a sublease agreement by Canterbury for office space.
Canterbury had denied the allegations set forth in the counterclaim.

In order to pursue its claims, Canterbury will sustain ongoing legal and
filing fees and there is no assurance that the aforementioned arbitration
will result in a favorable outcome on behalf of Canterbury.


ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIALS AND EXHIBITS


      (c)  Exhibits



         Number                   Description

          99      The Company's news release, issued on September 18, 2003
                    "Canterbury Initiates Arbitration Proceedings
                    Against Ceridian Corporation - Ceridian
                    Corporation Files a Counterclaim"





                             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.

                                         CANTERBURY CONSULTING GROUP, INC.

                                         BY: /s/ Kevin J. McAndrew
                                         ----------------------------
                                         Kevin J. McAndrew, President

Dated: September 18, 2003

EX-99

CANTERBURY CONSULTING GROUP
352 Stokes Road, Suite 200, Medford, NJ  08055
(609) 953-0044 * Fax (609) 953-0062

                             FOR IMMEDIATE RELEASE

                Canterbury Initiates Arbitration Proceedings
                       Against Ceridian Corporation
                                       ***
                  Ceridian Corporation Files a Counterclaim

Medford, NJ - September 18, 2003

Canterbury Consulting Group, Inc. (NASDAQ:CITI) announced today that its
attorneys have initiated mandatory arbitration proceedings against Ceridian
Corporation (NYSE:CEN) as called for in the Stock Purchase Agreement between
the parties.  Canterbury has filed for binding arbitration, which will take
place in Philadelphia, Pennsylvania before the American Arbitration
Association.

Canterbury's claims arise from the September 2001 purchase of User Technology
Services, Inc. for $3,600,000, which at the time was a wholly owned
subsidiary of Ceridian Corporation.  Canterbury is making various claims
ranging from breach of contract/warranty to actual/legal fraud, fraudulent
concealment, constructive/equitable fraud, and negligent/misrepresentation.

Ceridian has denied the allegations set forth by Canterbury and has
instituted a counterclaim in the arbitration proceedings.  Ceridian is
claiming breach of a sublease agreement by Canterbury for office space.
Canterbury had denied the allegations set forth in the counterclaim.

In order to pursue its claims, Canterbury will sustain ongoing legal and
filing fees and there is no assurance that the aforementioned arbitration
will result in a favorable outcome on behalf of Canterbury.

In addition to historical facts or statements of current condition, this
press release may contain forward-looking statements. The Company's
performance and financial results could differ materially from those
reflected in the forward-looking statements due to general financial,
economic, regulatory and political conditions or additional factors unknown
to the Company at this time, as well as more specific risks and uncertainties
such as those set forth in documents filed by the Company with the SEC
(including, but not limited to, its most recent reports on Form 8-K, Form 10-
Q and Form 10-K, copies of which are available upon request or over the
Internet at www.sec.gov). Given these risks and uncertainties, any or all of
these forward-looking statements may prove to be incorrect. Therefore,
current or prospective investors are cautioned not to place undue reliance on
any such forward-looking statements. Furthermore, the Company has no intent,
and disclaims any obligation, to update any such factors or forward-looking
statements
to reflect future events or developments.

Contact:
Darcy Teibel, Canterbury Consulting Group, Inc. 609-953-0044