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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) May 24, 2004
CONSUMERS FINANCIAL CORPORATION
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(Exact name of Registrant as Specified in its Charter)
Pennsylvania 0-2616 23-1666392
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(State or Other Jurisdiction (Commission file Number) (IRS Employer
of Incorporation) Identification No.)
132 Spruce Street, Cedarhurst, NY 11516
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (516) 792-0900
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Item 4. CHANGE IN REGISTRANT'S CERTIFYING ACCOUNTANT.
(a)(1) As of May 21, 2003, the Board of Directors of Consumers Financial
Corporation (the "Registrant") dismissed Marcum & Kliegman LLP as the principal
independent accountants for the Registrant. [The decision to terminate the
services of Marcum & Kliegman LLP was approved by the Audit Committee of the
Registrant.]The Board terminated the services of Marcum & Kliegman LLP as a
result of a fee dispute with the accountants.
The report of Marcum & Kliegman LLP on the financial statements for the
past fiscal year contained no adverse opinion or disclaimer of opinion, and was
not qualified or modified as to uncertainty, scope or accounting principles. In
addition, during Registrant's two most recent fiscal years and through May 21,
2004, there were no disagreements with Marcum & Kliegman LLP on any matters of
accounting principles or practices, financial statement disclosure or auditing
scope or procedures; which disagreements, if not resolved to the satisfaction of
Marcum & Kliegman LLP would have caused that firm to make reference in
connection with its reports to the subject matter of the agreements or a
reportable event. Although the financial statements audited by Marcum & Kliegman
LLP for the year ended December 31, 2003 contained an explanatory paragraph
pertaining to the Company's ability to continue as a going concern, such
financial statements did not contain any adjustment that might result from the
uncertainty stated therein.
(a)(3) The Registrant has provided Marcum & Kliegman LLP with a copy of this
disclosure and has requested that Marcum & Kliegman LLP furnish it with a letter
addressed to the U.S. Securities and Exchange Commission ("SEC") stating whether
it agrees with the above statements.
Item 7. Financial Statements and Exhibits.
(a) Financial Statements. N/A
(b) Exhibits. N/A
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.
CONSUMERS FINANCIAL CORPORATION
Dated: May 27, 2004 By: /s/ Donald J. Hommel
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Donald J. Hommel
President, Chief Executive Officer and
Chief Financial Officer