Ezcorp Inc – ‘10-Q’ for 3/31/00 – EX-18

On:  Monday, 5/15/00   ·   For:  3/31/00   ·   Accession #:  950134-0-4698   ·   File #:  0-19424

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Quarterly Report   —   Form 10-Q
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Form 10-Q for Quarter Ended March 31, 2000            19     98K 
 2: EX-10.79    2nd Amendment to Credit Agreement                     17     59K 
 3: EX-18       Letter From Ernst & Young LLP                          1      7K 
 4: EX-27       Financial Data Schedule                                1      6K 

EX-18   —   Letter From Ernst & Young LLP

EX-18
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EXHIBIT 18

May 15, 2000                                                                    

Board of Directors                                                              

EZCORP, Inc.                                                                    
1901 Capital Parkway                                                            
Austin, Texas   78746                                                           

Dear Sirs:                                                                      

Note B of Notes to Interim Condensed Consolidated Financial Statements          
(Unaudited) of EZCORP, Inc. included in its Form 10-Q for the period ended March
31, 2000 describes a change in the method of accounting for pawn service charge 
revenue recognition.  After the change, the Company will accrue pawn service    
charge revenues only on the percentage of loans expected to be repaid, and      
inventory obtained through loan default will be recorded at the lower of cost   
(the principal amount of the loan) or market.  Previously, pawn service charges 
were accrued on all loans, and the carrying value of the forfeited collateral   
was the lower of cost (principal amount of loan plus accrued pawn service       
charges) or market.                                                             

There are no authoritative criteria for determining a "preferable" pawn service 
charge method based on the particular circumstances; however, we conclude that  
such change in the method of accounting is to an acceptable alternative method  
which, based on your business judgment to make this change and for the stated   
reasons, is preferable in your circumstances.  We have not conducted an audit in
accordance with generally accepted auditing standards of any financial          
statements of the Company as of any date or for any period subsequent to        
September 30, 1999, and therefore we do not express any opinion on any financial
statements of EZCORP, Inc. subsequent to that date.                             

                           Very truly yours,

                               /s/ Ernst & Young LLP

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing		Date		Other Filings
Filed on:		5/15/00
For Period End:		3/31/00		10-Q/A
		9/30/99		10-K
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