-----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, A/t03k6SFZyerdIxKmJyYibtzEuJAAIE+yS3ra9T3g0frJwvettHY+Qik8FyKIfb pVC5fXptKKcrHT9FFQaPLw== 0000950147-00-000126.txt : 20000203 0000950147-00-000126.hdr.sgml : 20000203 ACCESSION NUMBER: 0000950147-00-000126 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19991130 FILED AS OF DATE: 20000131 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ADVISORS SERIES TRUST CENTRAL INDEX KEY: 0001027596 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-07959 FILM NUMBER: 517940 BUSINESS ADDRESS: STREET 1: 2020 E FINANCIAL WAY SUITE 100 CITY: GLENDORA STATE: CA ZIP: 91741 BUSINESS PHONE: 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B001700 0 084 A001700 N 084 B001700 0 085 A001700 Y 085 B001700 N SIGNATURE SCOTT WARNER TITLE ASSISTANT TREASURER EX-27.17 2 FINANCIAL DATA SCHEDULE
6 1027596 ADVISORS SERIES TRUST 17 HOWARD EQUITY FUND 1 U.S. DOLLARS 12-MOS NOV-30-1999 DEC-01-1998 NOV-30-1999 1 9,300,746 10,331,777 50,968 301 0 10,383,046 353,479 0 37,504 390,983 0 9,135,698 829,729 0 3,092 0 (177,758) 0 1,031,031 9,992,063 19,223 65,929 0 82,060 3,092 (177,758) 1,031,031 853,273 0 0 0 0 842,974 13,245 0 9,992,063 0 0 0 0 41,862 0 184,848 4,577,433 10.00 0.00 2.04 0.00 0.00 0.00 12.04 1.95
EX-99.1 3 INTERNAL CONTROL LETTER REPORT OF INDEPENDENT ACCOUNTANTS TO THE BOARD OF TRUSTEES ADVISORS SERIES TRUST In planning and performing our audit of the financial statements of Howard Equity Fund series of Advisors Series Trust, for the year ended November 30, 1999, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of Advisors Series Trust is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that controls may become inadequate because of changes in conditions or that the effectiveness of their design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of November 30, 1999. This report is intended solely for the information and use of the Board of Trustees, management and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. PricewaterhouseCoopers, L.L.P. New York, New York December 30, 1999 EX-99.2 4 LETTER FROM MCGLADREY & PULLEN, LLP Howard Equity Fund Change in Independent Accountant On August 27, 1999, McGladrey & Pullen, LLP ("McGladrey") resigned as independent auditors of the Fund pursuant to an agreement by PricewaterhouseCoopers LLP ("PwC") to acquire McGladrey's investment company [ractice. The McGladrey partners and professionals serving the Fund at the time of the acquisition joined PwC. The reports of McGladrey on the financial statements of the Fund during the prior fiscal year contained no adverse opinion or disclaimer of opinion, and were not qualified or modified as to uncertainty, audit scope or accounting principles. In connection with its audit for the period from December 12, 1997 (commencement of operations) through October 31, 1998, there were no disagreements with McGladrey on any matter of accounting principle or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of McGladrey would have caused it to make reference to the subject matter of disagreement in connection with its report. On September 10, 1999, the Fund, with the approval of its board of Trustees and its audit committee, engaged PwC as its independent auditors. -----END PRIVACY-ENHANCED MESSAGE-----