Item 4.01 CHANGES IN Registrant's CERTIFYING ACCOUNTANT. (a) Previous Independent Accountants (i) On November 9, 2004, PricewaterhouseCoopers LLP ("PwC"), resigned as independent auditors of QueryObject Systems Corporation (the "Company") effective November 9, 2004. PwC has not audited any financial statements of the Company as of any date or for any period subsequent to the year ended December 31, 2000. Furthermore, the Company has not filed its annual report on Form 10-KSB for any of the years ended December 31, 2001, 2002 or 2003. (ii) The reports of PwC on the Company's financial statements for the two years ended December 31, 1999 and 2000 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, except that their reports on the financial statements for both years included an explanatory paragraph regarding the Company's ability to continue as a going concern. (iii) During the years ended December 31, 1999 and 2000 and through November 9, 2004, there were no disagreements with PwC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope and procedure which, if not resolved to the satisfaction of PwC, would have caused it to make reference thereto in their reports on the financial statements for such years. (iv) During the years ended December 31, 1999 and 2000 and through November 9, 2004, there were no "reportable events" as that term is described in Item 304(a)(1)(v) of Regulation S-K. (v) The Company has requested PwC to furnish a letter addressed to the Securities and Exchange Commission stating whether it agrees with the above statements. A copy of that letter, is filed as Exhibit 16 to this Form 8-K. (b) New Independent Accountants (i) As a result of financial and other considerations the Board of Directors voted to appoint Sherb & Co., LLP as the Company's new independent auditors effective November 9, 2004. During the two most recent fiscal years and through November 9, 2004, the Company has not consulted with Sherb & Co., LLP concerning the Company's financial statements, including the application of accounting principles to a specified transaction (proposed or completed) or the type of audit opinion that might be rendered on the Company's financial statements or any matter that was either the subject of a "disagreement" or "reportable event" (as such terms are defined in Item 304 of Regulation S-K) with the previous independent auditors. ITEM 9.01. FINANCIAL STATEMENTS, AND EXHIBITS. (c) EXHIBITS EXHIBIT NO. DESCRIPTION 16 Letter from PricewaterhouseCoopers LLP related to the change in certifying accountants. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. QUERYOBJECT SYSTEMS CORPORATION Dated: November 16, 2004 By:/S/ Daniel M. Pess ------------------ Daniel M. Pess Chief Financial Officer and Secretary of the Company