-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, FI4tasV1D1heCGOMSMBqAVDO/JI+CE5fhvV84GP6nsAsQKQWzVuNILVDUlAiCZeg OPw9AgsIId+cG3MAOtMq8A== 0000808460-98-000008.txt : 19981105 0000808460-98-000008.hdr.sgml : 19981105 ACCESSION NUMBER: 0000808460-98-000008 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19981231 ITEM INFORMATION: FILED AS OF DATE: 19981104 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CONCORD MILESTONE PLUS L P CENTRAL INDEX KEY: 0000808460 STANDARD INDUSTRIAL CLASSIFICATION: LESSORS OF REAL PROPERTY, NEC [6519] IRS NUMBER: 521494615 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-16757 FILM NUMBER: 98737654 BUSINESS ADDRESS: STREET 1: 5200 TOWN CENTER CIR STREET 2: 4TH FLOOR CITY: BOCA RATON STATE: FL ZIP: 33486 BUSINESS PHONE: 4073949260 8-K 1 CURRENT REPORT 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) October 28, 1998 CONCORD MILESTONE PLUS, L.P. (Exact Name of Registrant as Specified in its Charter) Delaware (State or Other Jurisdiction of Incorporation or Organization) 000-16757 52-1494615 (Commission File Number) (I.R.S. Employer Identification No.) 150 East Palmetto Park Road, 4th Floor, Boca Raton, Florida 33432 - ----------------------------------------------------------- ------- (Address of Principal Executive Offices) (Zip Code) Registrant's Telephone Number, Including Area Code (561) 394-9260 (Former Name or Former Address, if Changed Since Last Report) Item 4. Changes in Registrant's Certifying Accountant. Concord Milestone Plus, L.P. (the "Partnership"), is engaged in the business of owning and operating three shopping centers. On October 28, 1998, the Partnership dismissed the accounting firm of Deloitte & Touche LLP, which has previously been engaged as the Partnership's independent auditor to audit the Partnership's financial statements. Deloitte & Touche LLP's reports on the Partnership's balance sheets as of December 31, 1997 and 1996, and the related statements of revenues and expenses, partners' capital and cash flows for each of the three years in the period ended December 31, 1997 did not contain any adverse opinion or disclaimer of opinion, and such reports were not modified or qualified as to uncertainty, audit scope or accounting principles. Furthermore, during the above mentioned periods and the interim periods ended June 30, 1998 and through the date of this filing, the Partnership had no disagreements with Deloitte & Touche LLP on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure or any reportable event, which disagreements, if not resolved to the satisfaction of Deloitte & Touche LLP would have caused it to make reference to the subject matter of the disagreements in connection with its reports. The Partnership has never been advised by the Deloitte & Touche LLP that (a) the internal controls necessary to develop reliable financial statements does not exist; (b) management's representations would no longer be relied on or that the auditors were unwilling to be associated with the financial statements prepared by management; (c) there was a need to expand significantly the scope of the audit, or that any information which had come to its attention that, if further investigated may: (i) materially impact the fairness or reliability of either a previously issued audit report or the underlying financial statements or the financial statements issued or to be issued covering the year ending December 31, 1998, or (ii) cause it to be unwilling to rely on management's representation or to be associated with the registrant's financial statements and (d) information has come to the accountant's attention that it has concluded materially impacts the fairness or reliability of either (i) a previously issued audit report or the underlying financial statement, or (ii) the financial statements issued or to be issued for the year ending December 31, 1998. The Partnership has provided the above disclosure to Deloitte & Touche LLP, and requested that they furnish the Partnership with a letter addressed to the Securities and Exchange Commission, (the "SEC") stating whether they agree with the above statements. A copy of Deloitte & Touche LLP's letter in response to this request is attached as an exhibit to this report. On November 2, 1998 the Partnership retained the independent public accounting firm of Ahearn, Jasco + Company, P.A. as its new independent auditors to audit the Partnership's financial statements for the fiscal year ending December 31, 1998. There have been no consultations during the period ended June 30, 1998 through the date of this filing or the years ended December 31, 1997 and 1996 between the Partnership and Ahearn, Jasco + Company, P.A. regarding either the application of accounting principles to a specified transaction, either complete or proposed; or the type of audit opinion that might be rendered on the financial statements of the Partnership. The Partnership has provided Ahearn, Jasco + Company, P.A. with a copy of this report, and Ahearn, Jasco + Company, P.A. has reviewed such report prior to its filing with the SEC. The decision to change accounting firms as the Partnership's independent auditor to audit the Partnership's financial statements was approved by the Audit Committee of the Board of Directors of CM Plus Corporation, General Partner of Concord Milestone Plus, L.P., on October 28, 1998. -2- Item 7. Financial Statements, Pro-Forma Financial Information and Exhibits. (c) Exhibits. Exhibit Number Description 16.1 Letter from Deloitte & Touche LLP, dated November 4, 1998, to the Securities and Exchange Commission. -3- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Date: November 4, 1998 CONCORD MILESTONE PLUS, L.P. ---------------- ---------------------------- (Registrant) BY: CM PLUS CORPORATION General Partner By: /S/ Patrick Kirse Patrick Kirse Treasurer and Controller -4- EX-16 2 LETTER TO THE SECURITIES AND EXCHANGE COMMISSION Exhibit 16.1 November 4, 1998 Securities and Exchange Commission Mail Stop 9-5 450 5th Street, N.W. Washington, D.C. 20549 Dear Sirs/Madams: We have read and agree with the comments in Item 4 of Form 8-K of Concord Milestone Plus, L.P. dated November 4, 1998 insofar as they relate to us. Yours truly, /s/ Deloitte & Touche LLP -----END PRIVACY-ENHANCED MESSAGE-----