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): April 26, 2005
SECURITY NATIONAL FINANCIAL CORPORATION
(Exact name of registrant as specified in this Charter)
Utah 0-9341 87-0345941
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(State or other jurisdiction (Commission File Number) (IRS Employer
jurisdiction of incorporation) Identification No.)
5300 South 360 West, Salt Lake City, Utah 84123
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(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (801) 264-1060
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Does Not Apply
(Former name or former address, if changed since last report)
ITEM 4.01 Changes in Registrant's Certifying Accountant.
On April 26, 2005, Security National Financial Corporation (the "Company")
ceased its independent auditor relationship with Tanner LC ("Tanner"). The
cessation of the Company's relationship with Tanner was due to the five-year
partner rotation requirement mandated by the Sarbanes-Oxley Act and the
determination by Tanner that in the future it would be unable to maintain the
necessary industry expertise to continue as independent auditors for the
Company. (A letter from Tanner is attached to this filing as an exhibit.)
During the fiscal years ended December 31, 2004 and 2003 and the subsequent
interim period preceding the cessation of the relationship with Tanner, there
were no disagreements (as defined in Item 304(a)(1)(iv) of Regulation S-K) with
Tanner on any matter of accounting principles or practices, financial statement
disclosure or auditing scope or procedures or any reportable events (as
described in Item 304(a)(1)(v) of Regulation S-K), which disagreement, if not
resolved to the satisfaction of the former accountant, would have caused it to
make reference to the subject matter of the disagreement in connection with its
report. In addition, the reports by Tanner on the balance sheet as of December
31, 2004, and the related statements of operations, stockholders' equity, and
cash flows for each of the two years in the period ended December 31, 2004, did
not contain an adverse opinion or a disclaimer of opinion and were not qualified
or modified as to uncertainty, audit scope or accounting principles.
Pursuant to Item 304 of Regulation S-K, the Company submitted a copy of this
Form 8-K to Tanner prior to filing with the Commission.
ITEM 9.01 Financial Statements and Exhibits
(c) Exhibits
16.1 Letter from Tanner LC dated April 26, 2005 recognizing the cessation of the
independent auditor relationship.
16.2 Letter from Tanner LC dated April 29, 2005 agreeing with the statements in
the Form 8-K.
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.
SECURITY NATIONAL FINANCIAL CORPORATION
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(Registrant)
Date: May 2, 2005 By: /s/ Scott M. Quist
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Scott M. Quist, President
and Chief Operating Officer
Exhibit 16.2
[Tanner LC Letterhead]
April 29, 2005
Securities and Exchange Commission
Washington, D.C. 20549
Ladies and Gentlemen:
We have read the statements included under Item 4.01 in the Form 8-K dated April
29, 2005, of Security National Financial Corporation to be filed with the
Securities and Exchange Commission and are in agreement with the statements
therein insofar as they relate to our firm.
Very truly yours,
/s/ Tanner LC
Exhibit 16.1
[Tanner LC Letterhead]
April 26, 2005
Mr. Scott M. Quist
President and Chief Operating Officer
Southern Security Life
Insurance Company
5300 South 360 West, Suite 250
Salt Lake City, UT 84123
Dear Mr. Quist:
This is to confirm that the client-auditor relationship between Southern
Security Life Insurance Company (Commission File Number 2-35669) and Tanner LC,
independent registered public accounting firm, has ceased.
Sincerely,
/s/ Tanner LC
Tanner LC
cc: Office of the Chief Accountant
PCAOB Letter File
Securities and Exchange Commission
Mail Stop 9-5
450 Fifth Street, NW
Washington, DC 20549