OMB
APPROVAL
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OMB
Number:
3235-0063
Expires: January
31,
2008
Estimated
average burden
hours
per response 2,196.00
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Commission
File Number:
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0-23336
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AROTECH
CORPORATION
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(Exact
name of registrant as specified in its
charter)
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Delaware
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95-4302784
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(State
or other jurisdiction of incorporation or organization)
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(I.R.S.
Employer Identification No.)
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1229
Oak Valley Drive, Ann Arbor, Michigan
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48108
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(Address
of principal executive offices)
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(Zip
Code)
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(800)
281-0356
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(Registrant’s
telephone number, including area
code)
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Title
of each class
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Name
of each exchange on which registered
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None
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Not
applicable
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Potential
persons who are to respond to the collection of
information
contained in this form are not required to respond
unless
the form displays a currently valid OMB control
number.
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Ø |
Replaces
Item 9A, “Controls and Procedures”;
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Ø |
Replaces
and supersedes the report of Kost, Forer, Gabbay & Kasierer, a member
of Ernst & Young Global, Independent Registered Public Accounting
Firm, previously filed under Item 8, “Financial Statements and
Supplementary Data”;
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Ø |
Adds
the report on internal control over financial reporting from Kost,
Forer,
Gabbay & Kasierer, a member of Ernst & Young Global, Independent
Registered Public Accounting Firm;
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Ø |
Provides
additional Consents of Kost, Forer, Gabbay & Kasierer, a member of
Ernst & Young Global, and Stark Winter Schenkein & Co., LLP,
Independent Registered Public Accounting Firms;
and
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Ø |
Replaces
the Section 302 and Section 906 certifications from the Chairman
and Chief
Executive Officer and the Vice President - Finance and Chief Financial
Officer.
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ITEM
9A.
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CONTROLS
AND PROCEDURES
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Ø |
Revenue
recognition.
We did not maintain effective controls over the monitoring, review
and
approval of revenue recognition calculations at FAAC. Specifically,
these
calculations were not being reviewed by appropriate accounting personnel
at FAAC to determine that revenue is recognized in accordance with
company
policy and generally accepted accounting principles. This material
weakness affects the revenue and unbilled receivables
accounts.
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Ø |
Revenue
recognition.
We have instituted procedures at FAAC to determine that revenue
recognition calculations are reviewed by the new Chief Financial
Officer
of FAAC. Specifically, revenue calculations are now routinely reviewed
by
the new Chief Financial Officer of FAAC prior to being categorized
in
order to ensure that they revenues are being recognized in accordance
with
company policy and generally accepted accounting
principles.
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n Kost
Forer Gabbay & Kasierer
3
Aminadav St.
Tel-Aviv
67067, Israel
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n Phone:
972-3-6232525
Fax:
972-3-5622555
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/s/
Kost, Forer, Gabbay & Kasierer
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|
Tel
Aviv, Israel
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KOST,
FORER, GABBAY & KASIERER
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March
30, 2006,
except
for the final paragraph above,
as
to which the date is June 15, 2006
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A
Member of Ernst & Young Global
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n Kost
Forer Gabbay & Kasierer
3
Aminadav St.
Tel-Aviv
67067, Israel
|
n Phone:
972-3-6232525
Fax:
972-3-5622555
|
/s/
Kost, Forer, Gabbay & Kasierer
|
|
Tel
Aviv, Israel
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KOST,
FORER, GABBAY & KASIERER
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June
15, 2006
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A
Member of Ernst & Young Global
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ITEM
15.
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EXHIBITS,
FINANCIAL STATEMENT
SCHEDULES
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(3)
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Exhibits
- The following Exhibits are either filed herewith or have previously
been
filed with the Securities and Exchange Commission and are referred
to and
incorporated herein by reference to such filings:
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Exhibit
No.
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Description
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|
*
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23.1
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Consent
of Kost, Forer, Gabbay & Kasierer, a member of Ernst & Young
Global
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*
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23.2
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Consent
of Stark Winter Schenkein & Co., LLP
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*
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31.1
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Certification
of Principal Executive Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
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*
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31.2
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Certification
of Principal Financial Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
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*
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32.1
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Certification
of Principal Executive Officer pursuant to 18 U.S.C. Section 1350,
as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
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*
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32.2
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Certification
of Principal Financial Officer pursuant to 18 U.S.C. Section 1350,
as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
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*
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Filed
herewith
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Title:
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Chairman
and Chief Executive Officer
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Signature
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Title
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Date
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/s/
Robert S. Ehrlich
Robert
S. Ehrlich
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Chairman,
Chief Executive Officer and Director
(Principal
Executive Officer)
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June
15, 2006
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/s/
Thomas J. Paup
Thomas
J. Paup
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Vice
President - Finance
(Principal
Financial Officer)
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June
15, 2006
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/s/
Danny Waldner
Danny
Waldner
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Controller
(Principal
Accounting Officer)
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June
15, 2006
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/s/
Steven Esses
Steven
Esses
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President,
Chief Operating Officer
and
Director
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June
15, 2006
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/s/
Jay
M. Eastman
Dr.
Jay M. Eastman
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Director
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June
15, 2006
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/s/
Lawrence M. Miller
Lawrence
M. Miller
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Director
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June
15, 2006
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Jack
E. Rosenfeld
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Director
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June
__, 2006
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/s/
Edward J. Borey
Edward
J. Borey
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Director
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June
15, 2006
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Seymour
Jones
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Director
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June
__, 2006
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Exhibit
Number
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Description
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23.1
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Consent
of Kost, Forer, Gabbay & Kasierer, a member of Ernst & Young
Global
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23.2
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Consent
of Stark Winter Schenkein & Co., LLP
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31.1
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Certification
of Chief Executive Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
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31.2
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Certification
of Chief Financial Officer pursuant to Section 302 of the
Sarbanes-Oxley Act of 2002
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32.1
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Certification
of Principal Executive Officer pursuant to 18 U.S.C. Section 1350,
as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
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32.2
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Certification
of Principal Financial Officer pursuant to 18 U.S.C. Section 1350,
as
adopted pursuant to Section 906 of the Sarbanes-Oxley Act of
2002
|