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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001299933-05-004227.txt : 20050817
<SEC-HEADER>0001299933-05-004227.hdr.sgml : 20050817
<ACCEPTANCE-DATETIME>20050817171426
ACCESSION NUMBER:		0001299933-05-004227
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050815
ITEM INFORMATION:		Changes in Registrant.s Certifying Accountant
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20050817
DATE AS OF CHANGE:		20050817

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CONSOLIDATED WATER CO LTD
		CENTRAL INDEX KEY:			0000928340
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			E6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25248
		FILM NUMBER:		051034064

	BUSINESS ADDRESS:	
		STREET 1:		TRAFALGAR PL
		STREET 2:		WEST BAY RD
		CITY:			GRAND CAYMAN BWI CAY
		STATE:			E9
		ZIP:			00000
		BUSINESS PHONE:		8099474277

	MAIL ADDRESS:	
		STREET 1:		TRAFALGAR PLACE, WEST BAY ROAD, P.O. BOX
		STREET 2:		GRAND CAYMAN, CAYMAN ISLANDS, BWI

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	CAYMAN WATER CO LTD
		DATE OF NAME CHANGE:	19941212
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>htm_6593.htm
<DESCRIPTION>LIVE FILING
<TEXT>
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<TITLE> Consolidated Water Co. Ltd. (Form: 8-K) </TITLE>
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		UNITED STATES<BR>
	SECURITIES AND EXCHANGE COMMISSION
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<BR>
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	WASHINGTON, D.C. 20549
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	FORM 8-K
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	CURRENT REPORT
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	Pursuant to Section&nbsp;13 or 15(d) of the Securities Exchange Act of 1934
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	Date of Report (Date of Earliest Event Reported):
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	&nbsp;
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	August 15, 2005
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	Consolidated Water Co. Ltd.
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<BR>__________________________________________<BR>
	(Exact name of registrant as specified in its charter)
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	Cayman Islands
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	0-25248
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	Not Applicable
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_____________________<BR>
	(State or other jurisdiction
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_____________<BR>
	(Commission
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______________<BR>
	(I.R.S. Employer
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	of incorporation)
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	File Number)
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	Identification No.)
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	&nbsp;&nbsp;
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	Windward Three-4th Fl, West Bay Road, P.O. Box 1114 GT, Grand Cayman, Cayman Islands
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	&nbsp;
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	none
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_________________________________<BR>
	(Address of principal executive offices)
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	&nbsp;
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___________<BR>
	(Zip Code)
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	Registrant&#146;s telephone number, including area code:
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	&nbsp;
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	345-945-4277
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	Not Applicable
<BR>______________________________________________<BR>
	Former name or former address, if changed since last report
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	&nbsp;
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<!-- CoverPageRegistrant END --><P><FONT SIZE="2">
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions:</FONT>
</P>
<P><FONT SIZE="2">
[&nbsp;&nbsp;]&nbsp;&nbsp;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))<br>
[&nbsp;&nbsp;]&nbsp;&nbsp;Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))<br>
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	Item 4.01 Changes in Registrant's Certifying Accountant.
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(a) On August 15, 2005, KPMG informed the Audit Committee of Consolidated Water Co. Ltd. (the "Company") that KPMG does not wish to stand for re-appointment as independent accountants for the Company and its affiliates for the fiscal year ended December 31, 2005.  <br><br>The reports of KPMG on the consolidated financial statements of the Company for the past two fiscal years contain no adverse opinion or disclaimer of opinion and were not qualified or modified as to uncertainty, audit scope or accounting principles.  <br><br>In connection with its audits for each of the two most recent fiscal years and through August 15, 2005, there were no disagreements with KPMG on any matter of accounting principles or practices, financial statement disclosure or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of KPMG, would have caused KPMG to make reference thereto in their report on the consolidated financial statements for such years.  <br><br>During the two most recent fiscal ye
ars and through August 15, 2005, there have been no reportable events (as outlined in Item 304(a)(1)(v) of Regulation S-K), other than as follows:  In Item 9A its Annual Report on Form 10-K for the fiscal year ended December 31, 2004, the Company had the following control deficiencies that when combined resulted in a material weakness in internal control over financial reporting:  <br><br>(1)	The Company failed to properly track fixed assets and accumulated depreciation, including work-in-progress accounts.  <br><br>(2)	The Company does not have sufficient personnel resources with appropriate accounting expertise.  <br><br>(3)	The Company did not properly track inventory and management did not sufficiently review the physical count work sheets to the final inventory lists.  <br><br>(4)	The Company did not sufficiently review inter-company eliminations.<br><br>(5)	The Company did not sufficiently document the system access controls around its financial management information system.  <br><br>KPMG&#x2019;s rep
ort on internal control over financial reporting included in Item 9A of the Form 10-K for the fiscal year ended December 31, 2004 an adverse opinion on the effectiveness of internal control as of December 31, 2004.  <br><br>The senior officers and Audit Committee of the Company will now formally commence a search to select a new independent accounting firm.  <br>
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	Item 9.01 Financial Statements and Exhibits.
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(c) Exhibits.<br><br>Exhibit No. - Title<br><br>16.1 - Letter from KPMG to the Securities and Exchange Commission regarding statements included in this Form 8-K (to be filed by amendment to this Form 8-K).<br> <br>
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<B>
	SIGNATURES
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	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.
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	Consolidated Water Co. Ltd.
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	&nbsp;&nbsp;
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<I>
	August 17, 2005
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<I>
	By:
</I>
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<I>
	Frederick W. McTaggart
</I>
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	Name: Frederick W. McTaggart
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<I>
	Title: President and Chief Executive Officer
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