-----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, CXjqXPrJ6P8ryQ73vUvhAwACg3BHNPRyKxdcdU4aPP87qkRfCQaYYI3tOmT4gygt QKgHg9trcfKG4TX4xWMzAA== 0000865549-06-000005.txt : 20061026 0000865549-06-000005.hdr.sgml : 20061026 20061026161532 ACCESSION NUMBER: 0000865549-06-000005 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20061025 ITEM INFORMATION: Changes in Registrant.s Certifying Accountant FILED AS OF DATE: 20061026 DATE AS OF CHANGE: 20061026 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ATLAS FUTURES FUND LIMITED PARTNERSHIP CENTRAL INDEX KEY: 0000865549 STANDARD INDUSTRIAL CLASSIFICATION: [6221] IRS NUMBER: 510380494 STATE OF INCORPORATION: IN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-53111 FILM NUMBER: 061166099 BUSINESS ADDRESS: STREET 1: 5916 N 300 WEST CITY: FREMONT STATE: IN ZIP: 46737 BUSINESS PHONE: 2198331306 MAIL ADDRESS: STREET 1: 5916 N 300 WEST CITY: FREMONT STATE: IN ZIP: 46737 8-K 1 atlas8k102506.txt 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 25, 2006 ATLAS FUTURES FUND, LIMITED PARTNERSHIP (Exact Name of Registrant as Specified in Charter) ________________________________________ DELAWARE 333-59976 51-0380494 (State or Other (Commission File No.) (IRS Employee Jurisdiction of Identification No.) Incorporation or Organization) 505 Brookfield Drive Dover, Delaware 19901 (Address of Principal Executive Offices) (800) 331-1532 (Issuer Telephone Number) None (Former name or former address, if changed since last report.) [ ] 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 1. Registrant's Business and Operations. None. Item 2. Financial Information. None. Item 3. Securities and Trading Markets. None. Item 4. Matters Related to Accountants and Financial Statements Item 4.01 Changes in Registrant's Certifying Accountant (a) Previous Independent Auditor: Frank L. Sassetti & Co. (i) On October 6, 2006, the board of directors of Ashley Capital Management, Inc. and Michael P. Pacult, the general partners of Atlas Futures Fund, LP (the "Fund"), approved the change in independent auditor from Frank L. Sassetti & Co., certified public accountants, Oak Park, Illinois 60302 ("Sassetti") to Jordan, Patke & Associates, Ltd., certified public accountants, 300 Village Green Drive Ste 210, Lincolnshire, IL 60069-3090 ("Jordan Patke"), to improve the efficiency of operation and centralize all work performed for Funds of the managers in a single independent auditor. By notice provided on October 19, 2006, the Fund terminated the services of Sassetti subject to receipt of a letter from Sassetti to confirm that their were no adverse business issues attendant to the change in auditors. By letter dated October 20, 2006 that was received by the Fund on October 25, 2006, Sassetti confirmed that the termination was made in the normal course of business without any adverse business issues. See the letter from Sassetti attached as Exhibit 23.1. (ii) Management of the Fund has not had any disagreements with Sassetti related to any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure or any other matter related to the audit of the Fund. For the most recent fiscal year and any subsequent interim period through the effective date of the change in auditors, there has been no disagreement between the Fund and Sassetti on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure or any other matter related to the audit of the Fund, which disagreement, if not resolved to the satisfaction of Sassetti would have caused it to make a reference to the subject matter of the disagreement in connection with its reports. (iii) The Fund's management participated in and approved the decision to change independent accountants. (iv) In connection with its review of financial statements through June 30, 2006, there have been no disagreements with Sassetti on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, or any other matter which disagreement, if not resolved to the satisfaction of Sassetti, would have caused them to make reference thereto in their report on the financial statements. (v) During the most recent review period and the interim period up to the date of this Form 8-K, there have been no reportable events with the Fund as set forth in Item 304(a)(i)(v) of Regulation S-K. (vi) The Fund requested that Sassetti furnish it with a letter addressed to the SEC stating whether or not it agrees with the above statements. A copy of the letter from Sassetti is filed as Exhibit 23.1 to this Form 8-K. (b) New Independent Auditor: Jordan, Patke & Associates, Ltd. (i) The engagement of Jordan Patke as the Fund's new independent auditor became effective upon the resignation of Sassetti, subject to completion of all regulatory requirements attendant to the change in auditor by a commodity pool whose units are publicly sold but are not, thereafter, actively traded. Investors rely upon the Fund redemption provisions to obtain a return of their investment. Prior to such effective date, the Fund did not consult with Jordan Patke regarding (i) the application of accounting principles, (ii) the type of audit opinion that might be rendered by Jordan Patke or (iii) any other matter. There were no disagreements between the Fund and its former auditor as described in Item 304(a)(1)(iv) of Regulation S-B or any other matter. Item 4.02 Non-Reliance on Previously Issued Financial Statements or a Related Audit Report or Completed Interim Review. None. Item 5. Corporate Governance and Management. None. Item 6. Asset-Backed Securities. None. Item 7. Regulation FD. None. Item 8. Other Events. None. Item 9. Financial Statements and Exhibits. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Form 8-K report to be signed on its behalf by the undersigned hereunto duly authorized. Registrant: Atlas Futures Fund, Limited Partnership By Ashley Capital Management, Incorporated Its General Partner By: /s/ Michael Pacult Mr. Michael Pacult Sole Director, Sole Shareholder, President, and Treasurer of the General Partner Date: October 25, 2006 EX-23 2 atlas8k102506ex231.txt Exhibit 23.1 FRANK L. SASSETTI & CO. CERTIFIED PUBLIC ACCOUNTANTS www.flsassetti.com October 20, 2006 Securities and exchange Commission Washington, DC 20549 Ladies and Gentlemen, We were previously principal accountants for Atlas futures Fund, Limited Partnership and, under the date of August 11, 2006, we reported on the financial statement of Atlas Futures Fund, Limited Partnership as of June 30, 2006 and for the six months then ended. On October 19, 2006, our appointment as principal accountants was terminated. We have read Atlas Futures Fund, Limited Partnership's statements included under Item 4.01 (a) of its Form 8-K and we agree with such statements included in paragraphs (a)(i), (a)(ii), (a)(iii), (a)(iv) and (a)(vi), except that we are not in a position to agree or disagree with Atlas futures Fund, Limited Partnership's statements contained in paragraphs (a)(v) and (b). Sincerely, /s/ Frank L. Sassetti & Co. FRANK L. SASSETTI & CO. 6611 W. NORTH AVENUE * OAK PARK, ILLINOIS 60302 * PHONE (708) 386-1433 * FAX (708) 386-0139 -----END PRIVACY-ENHANCED MESSAGE-----