UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                      ------------------------------------

                                FORM 10-K/A No. 1


[X]  ANNUAL REPORT  PURSUANT TO SECTION 13 OR 15(d) OF THE  SECURITIES  EXCHANGE
     ACT OF 1934 For the fiscal year ended December 31, 2000

                                       or

[  ] TRANSITION  REPORT  PURSUANT  TO SECTION  13 OR 15(d) OF THE  SECURITIES
     EXCHANGE ACT OF 1934 For the transition period from _____ to _______

                         COMMISSION FILE NUMBER 0-25713
                         ------------------------------

                             AREMISSOFT CORPORATION
             (Exact name of Registrant as specified in its charter)


        Delaware                                        68-0413929
(State or other jurisdiction of            (I.R.S. Employer Identification No.)
incorporation or organization)


                               Sentry Office Plaza
                          216 Haddon Avenue, Suite 607
                           Westmont, New Jersey 08108
                    (Address of principal executive offices)

        Registrant's telephone number, including area code: 856-869-0770
                         ------------------------------

        Securities registered pursuant to Section 12(b) of the Act: None
           Securities registered pursuant to Section 12(g) of the Act:

                    Common Stock, par value $0.001 per share
                              (Title of Each Class)

Indicate by check mark whether the Registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding  12 months  (or for such  shorter  period as the  Registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes X No __

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of Registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]

Documents Incorporated by Reference: None

<PAGE>2

     We are filing  this  amendment  to our  Annual  Report on Form 10-K for the
fiscal year ended  December 31, 2000,  originally  filed with the Securities and
Exchange  Commission  ("SEC")  on March 26,  2001,  solely  for the  purpose  of
reflecting the signatures of our auditors in their Auditors' Report, included in
Item 8, and their Report of PKF, Independent  Auditors, on Schedule II, included
in Item 14, by adding "/s/ PKF" to each report.  PKF, our independent  auditors,
manually  signed all of these  reports prior to filing our Annual Report on Form
10-K on March 26, 2001,  and we have had these signed reports on file since that
time. However, when we converted these reports into Edgar format for filing with
the SEC, the "/s/ PKF" was inadvertently omitted.


     Item 8. Financial  Statements and  Supplementary  Data is hereby amended by
inserting the following signed Independent Auditors' Report.



                          INDEPENDENT AUDITORS' REPORT


To the Board of Directors and Stockholders
AremisSoft Corporation

     We have audited the accompanying  consolidated balance sheets of AremisSoft
Corporation  as of  December  31, 2000 and 1999,  and the  related  consolidated
statements of operations,  changes in  stockholders'  equity  (deficit) and cash
flows for each of the three years in the period ended  December 31, 2000.  These
financial  statements are the  responsibility of the Company's  management.  Our
responsibility  is to express an opinion on these financial  statements based on
our audits.

     We conducted our audits in accordance  with  auditing  standards  generally
accepted in the United States of America.  Those standards  require that we plan
and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement.  An audit includes examining, on a
test basis,  evidence  supporting  the amounts and  disclosures in the financial
statements.  An audit also includes assessing the accounting principles used and
significant  estimates  made by  management,  as well as evaluating  the overall
financial  statement  presentation.   We  believe  that  our  audits  provide  a
reasonable basis for our opinion.

     In our opinion,  the financial statements referred to above present fairly,
in all material  respects,  the  consolidated  financial  position of AremisSoft
Corporation at December 31, 2000 and 1999, and the  consolidated  results of its
operations  and its  consolidated  cash flows for each of the three years in the
period  ended  December 31,  2000,  in  conformity  with  accounting  principles
generally accepted in the United States of America.

PKF

/s/ PKF

London, England
March 20, 2001

<PAGE>3

     Item 14. Exhibits,  Financial Statement Schedules,  and Reports on Form 8-K
is hereby amended by inserting the following  signed Report of PKF,  Independent
Auditors, on Schedule II.



               REPORT OF PKF, INDEPENDENT AUDITORS, ON SCHEDULE II

     We  have  audited  the  consolidated  financial  statements  of  AremisSoft
Corporation as of December 31, 2000 and 1999, and for each of the three years in
the period ended  December 31, 2000,  and have issued our report  thereon  dated
March 20, 2001 (included  elsewhere in the Form 10-K).  Our audits also included
the  financial  statement  schedules  listed  in  Item 8 of this  report.  These
schedules are the responsibility of the Company's management. Our responsibility
is to express an opinion based on our audits.

     In our opinion,  the financial  statement schedules referred to above, when
considered in relation to the basic consolidated financial statements taken as a
whole,  present  fairly,  in all material  respects,  the  information set forth
therein.

PKF

/s/ PKF

London, England
March 20, 2001


<PAGE>4

                                   SIGNATURES

     Pursuant  to the  requirements  of  Section  13 or 15(d) of the  Securities
Exchange Act of 1934, the Registrant has duly caused this amendment  number 1 to
this  report  on Form  10-K  to be  signed  on its  behalf  by the  undersigned,
thereunto duly authorized.

Date: June 13, 2001                         AREMISSOFT CORPORATION



                                      By:  /s/  Roys Poyiadjis
                                           ---------------------------------
                                           Roys Poyiadjis,
                                           Co-Chief Executive Officer