Integrated Disclosure System
for Small Business Issuers
Regulation S-B
Item 304T of Regulation S-B
Note: This is a special temporary section that applies to issuers for which
Arthur Andersen LLP (or a foreign affiliate of Arthur Andersen LLP) had been engaged
as the independent public accountant to examine the issuer's financial statements,
or for which Arthur Andersen LLP (or a foreign affiliate of Arthur Andersen LLP)
had been engaged to examine a significant subsidiary's financial statements and
on which the principal public accountant expressed reliance in its report, on
or after March 14, 2002.
General rule. Those issuers for which this
Item 304T applies must comply with the requirements of Item
304, except as indicated in paragraph (b) of this Item 304T.
Special disclosure standards for issuers to
whom this Item 304T applies. An issuer for which this Item 304T applies
may comply with Item 304(a)(3) in the following
manner:
If Arthur Andersen LLP (or the foreign affiliate
of Arthur Andersen LLP, if applicable) has already provided the issuer
with a letter addressed to the Commission stating whether it agrees with
the statements made by the issuer in response to Item 304, and, if that
letter indicates that it does not agree, stating the respects in which
it does not agree, the issuer shall file that letter as an exhibit to
the report or registration statement containing this disclosure; or
If the issuer has not yet received that letter
and cannot obtain it after reasonable efforts, compliance with Item 304(a)(3)
is not required.
This temporary section will expire on December
31, 2002.
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