WASHINGTON D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

                        Date of Report: March 3, 2003

                         WORLD TRANSPORT AUTHORITY, INC.
             (Exact name of registrant as specified in its charter)

            Alberta, BC                            93-1202663
     (State of Incorporation)           (I.R.S. Employer Identification No.)

                                140 West Park Avenue
                           El Cajon, California 92020
                    (Address of Principal Executive Offices)

                       (619) 593-2440 Fax: (619) 593-2444
          (Registrant's telephone and fax number, including area code)

Item 4. Change in Registrant's Certifying Accountant.

        (a)     Previous independent accounts

                (i)     On February 24, 2003, J.H. Cohn LLP resigned as
                        the Registrant's independent accountants.

                (ii)    The reports of J.H. Cohn LLP on the Registrant's
                        financial statements for fiscal years ended June 30,
                        2001 and 2002, respectively, contained no adverse
                        opinion or disclaimer of opinion and were not qualified
                        or modified as to uncertainty, audit scope or accounting
                        principles.  However, these reports did contain an
                        explanatory paragraph discussing matters that raised
                        substantial doubt as to the Company's ability to
                        continue as a going concern.

                (iii)	During the Registrant's two most recent fiscal years and
                        through February 24, 2003 there have been no
                        disagreements with J.H. Cohn LLP 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
                        J.H. Cohn LLP would have caused them to make reference
                        thereto in their report on financial statements for such

                (v)     The Registrant has requested that J.H. Cohn LLP
                        furnish it with a letter addressed to the Securities and
                        Exchange Commission (the "SEC") stating whether or not
                        it agrees with the above statements.

        (b)     New independent auditors

                (i)     The Registrant's audit committee and Board of Directors
                        is in the process of searching for new independent


     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.

                                 Composite Automobile Research

Date: March 3, 2003               By: /s/ Lyle Wardrop
                                         Lyle Wardrop
                                         President and Chief Executive Officer