Case 08-7 Data Trappers, Inc. Data Trappers, Inc. (DTI) is an SEC registrant headquartered in Seattle, Washington. DTI delivers security solutions to assist companies in monitoring their systems, managing information security risk and maintaining robust information security programs. Their computer software offerings encompass network and information security, network operations, cryptography, and privacy, among others. As a global organization with subsidiaries in 23 countries, DTI is served by more than 2,000 employees worldwide. Sales for the fiscal year ended June 30, 20X8 were more than $52 million, which represents an increase of 15% over the prior year. DTI has been audited for the past eight years by Wilkers & Co. LLC (Wilkers). On July 28, 20X8, DTI notified Wilkers that they were going to dismiss them as their auditors. The DTI Audit Committee notified Browne & Thompson LLP (B&T) that they wished to engage them as their new auditors for the year ending June 30, 20X9. B&T could not
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This note was uploaded on 04/06/2011 for the course ACCT 5990 taught by Professor Clemenseehoff during the Spring '11 term at Kean.