SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

        Date of report (Date of earliest event reported): April l7, 2002

                          Royal Acceptance Corporation
             (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
                 (State or Other Jurisdiction of Incorporation)

         0-29797                                         22-3680581
(Commission File Number)                      (IRS Employer Identification No.)

90 Jericho Turnpike, Floral Park, New York                 11001
(Address of Principal Executive Offices)                 (Zip Code)

                                 (516) 488-8600
              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)

<PAGE>

Item 4. Changes in Registrant's Certifying Accountant.

     (a)(1)  As  of  April  l7,  2002,  the  Registrant's  Board  of  Directors,
terminated Weinick Sanders Leventhal & Co., LLP (the "Former Accountant") as the
Registrant's independent public accountants.  The Former Accountant's reports on
the Registrant's  financial statements for the years ended December 31, 1999 and
2000 did not contain an adverse  opinion or  disclaimer  of opinion and were not
qualified or modified as to uncertainty,  audit scope or accounting  principles,
other than a qualification as to whether the Registrant will continue as a going
concern. During the Registrant's two most recent fiscal years ended December 31,
2001,  and the subsequent  interim period through April l6, 2002,  there were no
disagreements  between the Registrant and the Former Accountant on any matter of
accounting principles or practices,  financial statement disclosure, or auditing
scope  or  procedure,   which  disagreements  if  not  resolved  to  the  Former
Accountant's  satisfaction  would  have  caused  them to make  reference  to the
subject matter of the disagreement in connection with their reports.

     (2) The Board of  Directors  of the  Registrant  has  replaced  the  Former
Accountant  with Marcum & Kliegman LLP (the "New  Accountant")  as the principal
accountant to audit the  Registrant's  financial  statements  for the year ended
December 31, 2001.  During the Registrant's two most recent fiscal years and the
subsequent  interim  period prior to the Former  Accountant's  termination,  the
Registrant did not consult with the New Accountant  regarding the application of
accounting  principles to a specified  transaction  or the type of audit opinion
that  might  be  rendered  on the  Registrant's  financial  statements.  The New
Accountant was engaged as of April l7, 2002.

     (3)  During  the  interim  period  from the date of the  Registrant's  last
audited  financial  statements  to the date  hereof,  there  were no  procedures
performed  by the  Former  Accountant  and the  Registrant  is not  aware of any
disagreements with the Former Accountant on any matter of accounting  principles
or practices, financial statement disclosure or auditing scope or procedure.

     (4) The  Registrant  will  file by  amendment  a  letter  from  the  Former
Accountant  addressed to the Securities and Exchange  Commission stating whether
the Former  Accountant  agrees with the  Statements  made by the  Registrant  in
response to this Item.

Item 7. Financial Statements and Exhibits.

     (c) Exhibits.

     *Exhibit  16.1 Letter of Weinick  Sanders  Leventhal & Co.,  LLP  regarding
change in certifying accountant.

     * to be filed by Amendment.


                                        2
<PAGE>

                                   SIGNATURES

     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.

                                             ROYAL ACCEPTANCE CORPORATION
                                             (Registrant)


Date: April 23, 2002                         By: /s/ Richard Toporek
                                                ---------------------
                                                 Richard Toporek
                                                 President, Secretary and
                                                 Director

                                        3
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SECURITIES AND EXCHANGE COMMISSION
                              WASHINGTON, DC 20549

                                    FORM 8-K

                             CURRENT REPORT PURSUANT
                          TO SECTION 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934

        Date of report (Date of earliest event reported): April l7, 2002

                          Royal Acceptance Corporation
             (Exact Name of Registrant as Specified in Its Charter)

                                    Delaware
                 (State or Other Jurisdiction of Incorporation)

         0-29797                                         22-3680581
(Commission File Number)                      (IRS Employer Identification No.)

90 Jericho Turnpike, Floral Park, New York                 11001
(Address of Principal Executive Offices)                 (Zip Code)

                                 (516) 488-8600
              (Registrant's Telephone Number, Including Area Code)

                                 Not Applicable
          (Former Name or Former Address, if Changed Since Last Report)
Item 4. Changes in Registrant's Certifying Accountant.

     (a)(1)  As  of  April  l7,  2002,  the  Registrant's  Board  of  Directors,
terminated Weinick Sanders Leventhal & Co., LLP (the "Former Accountant") as the
Registrant's independent public accountants.  The Former Accountant's reports on
the Registrant's  financial statements for the years ended December 31, 1999 and
2000 did not contain an adverse  opinion or  disclaimer  of opinion and were not
qualified or modified as to uncertainty,  audit scope or accounting  principles,
other than a qualification as to whether the Registrant will continue as a going
concern. During the Registrant's two most recent fiscal years ended December 31,
2001,  and the subsequent  interim period through April l6, 2002,  there were no
disagreements  between the Registrant and the Former Accountant on any matter of
accounting principles or practices,  financial statement disclosure, or auditing
scope  or  procedure,   which  disagreements  if  not  resolved  to  the  Former
Accountant's  satisfaction  would  have  caused  them to make  reference  to the
subject matter of the disagreement in connection with their reports.

     (2) The Board of  Directors  of the  Registrant  has  replaced  the  Former
Accountant  with Marcum & Kliegman LLP (the "New  Accountant")  as the principal
accountant to audit the  Registrant's  financial  statements  for the year ended
December 31, 2001.  During the Registrant's two most recent fiscal years and the
subsequent  interim  period prior to the Former  Accountant's  termination,  the
Registrant did not consult with the New Accountant  regarding the application of
accounting  principles to a specified  transaction  or the type of audit opinion
that  might  be  rendered  on the  Registrant's  financial  statements.  The New
Accountant was engaged as of April l7, 2002.

     (3)  During  the  interim  period  from the date of the  Registrant's  last
audited  financial  statements  to the date  hereof,  there  were no  procedures
performed  by the  Former  Accountant  and the  Registrant  is not  aware of any
disagreements with the Former Accountant on any matter of accounting  principles
or practices, financial statement disclosure or auditing scope or procedure.

     (4) The  Registrant  will  file by  amendment  a  letter  from  the  Former
Accountant  addressed to the Securities and Exchange  Commission stating whether
the Former  Accountant  agrees with the  Statements  made by the  Registrant  in
response to this Item.

Item 7. Financial Statements and Exhibits.

     (c) Exhibits.

     *Exhibit  16.1 Letter of Weinick  Sanders  Leventhal & Co.,  LLP  regarding
change in certifying accountant.

     * to be filed by Amendment.

                                        2
SIGNATURES

     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.

                                             ROYAL ACCEPTANCE CORPORATION
                                             (Registrant)

Date: April 23, 2002                         By: /s/ Richard Toporek
                                                ---------------------
                                                 Richard Toporek
                                                 President, Secretary and
                                                 Director

                                        3