-----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, SHtpCwQ0aziYi29uCY2T+cxPTwv9qQtuXYZQExY8E1NU7hIOH8xZ6Zc/fU5D+kmV 7VPNMSm7WhMM35Hbz2rNig== 0001162044-04-000152.txt : 20040601 0001162044-04-000152.hdr.sgml : 20040531 20040601171408 ACCESSION NUMBER: 0001162044-04-000152 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20040331 FILED AS OF DATE: 20040601 EFFECTIVENESS DATE: 20040601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: JHAVERI TRUST CENTRAL INDEX KEY: 0000937818 IRS NUMBER: 341791544 STATE OF INCORPORATION: OH FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-08974 FILM NUMBER: 04842106 BUSINESS ADDRESS: STREET 1: PO BOX 16188 CITY: CLEVELAND STATE: OH ZIP: 44116 BUSINESS PHONE: 5163859580 MAIL ADDRESS: STREET 1: 18820 HIGH PARKWAY CITY: CLEVELAND STATE: OH ZIP: 44116 NSAR-B 1 answer.fil PAGE 1 000 B000000 03/31/2004 000 C000000 0000937818 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 JHAVERI TRUST 001 B000000 811-8974 001 C000000 2163561565 002 A000000 18820 HIGH PARKWAY 002 B000000 CLEVELAND 002 C000000 OH 002 D010000 44116 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 1 007 C010100 1 007 C020100 JHAVERI VALUE FUND 007 C030100 N 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A00AA01 INVESTMENTS TECHNOLOGY, INC. 008 B00AA01 A 008 C00AA01 801-18803 008 D01AA01 CLEVELAND 008 D02AA01 OH 008 D03AA01 44116 010 A00AA01 MUTUAL SHAREHOLDER SERVICES, LLC. 010 B00AA01 84-5821 010 C01AA01 BRECKSVILLE 010 C02AA01 OH 010 C03AA01 44141 010 C04AA01 1939 012 A00AA01 MUTUAL SHAREHOLDER 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075 A000100 0 075 B000100 7659 076 000100 0.00 SIGNATURE GREGORY B. GETTS TITLE FUND ADMIN. EX-99.77B ACCT LTTR 2 jhavi.htm To the Shareholders and





REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM



To the Board of Trustees

of Jhaveri Value Fund


In planning and performing our audit of the financial statements of the Jhaveri Value Fund (the “Fund”) for the year ended March 31, 2004, 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 the Fund 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 it may become inadequate because of changes in conditions or that the effectiveness of the 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 March 31, 2004.


This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.



/s/ Cohen McCurdy, Ltd.


Cohen McCurdy, Ltd.

Westlake, Ohio  

May 24, 2004



 EX-99.77K CHNG ACCNT 3 jhaverichangeofacctsletter.htm June 1, 2004







June 1, 2004






Office of the Chief Accountant

Securities and Exchange Commission

450 Fifth Street, N.W.

Washington, D.C. 20549


Dear Sir/Madam:


We have read Sub-Item 77K included in the Form NSAR dated June 1, 2004, of the Jhaveri Fund with the Securities and Exchange Commission and are in agreement with the statements contained therein.


Sincerely,





McCurdy & Associates CPA’s, Inc.

/s/ James T. McCurdy


By

James T. McCurdy



cc: Jhaveri Fund

 EX-99.77Q1 OTHR EXHB 4 jhaverichangeofacctsfootnote.htm On January 23, 2004, McCurdy & Associates CPA’s, Inc

Sub-Item 77K:

Changes in registrant’s certifying accountant


On January 23, 2004, McCurdy & Associates CPA’s, Inc. (“McCurdy”) notified the Funds of its intention to resign as the Funds’ independent auditors upon selection of replacement auditors.  


On March 17, 2004, the Funds’ Audit Committee and Board of Directors selected Cohen McCurdy, Ltd. (“Cohen”) to replace McCurdy as the Funds’ auditors for the fiscal year ending March 31, 2004, to be effective upon the resignation of McCurdy.


On March 12, 2004, upon receipt of notice that Cohen was selected as the Funds’ auditor, McCurdy, whose audit practice was acquired by Cohen, resigned as independent auditors to the Fund.  McCurdy’s reports on the Jhaveri Fund’s financial statements for the fiscal year ended March 31, 2003 contained no adverse opinion or disclaimer of opinion nor were they qualified or modified as to uncertainty, audit scope or accounting principles.  During the fiscal years stated above, there were no disagreements with McCurdy on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure which, if not resolved to the satisfaction of McCurdy would have caused the Advisor to make reference to the subject matter of the disagreements in connection with its reports on the Funds’ financial statements for such periods.  


Neither the Funds nor anyone on its behalf consulted with Cohen on items which (i) concerned the application of accounting principles to a specified transaction, either completed or proposed, or the type of audit opinion that might be rendered on the Funds’ financial statements or (ii) concerned the subject of a disagreement (as defined in paragraph (a)(1)(iv) of Item 304 of Regulation S-K) or a reportable event (as described in paragraph (a)(1)(v) of said Item 304).


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