Summary
This 8-K/A filing from TASER International, Inc. (now Axon Enterprise, Inc.) reports a significant change in its independent auditing firm. As of June 3, 2002, the company decided to transition its audit services from Arthur Andersen LLP to Deloitte & Touche LLP. This decision was made after a review of proposals from various accounting firms and was approved by the Board of Directors upon recommendation from the Audit Committee. Deloitte & Touche LLP will be responsible for auditing TASER International's financial statements for the fiscal year ending December 31, 2002. Importantly, the filing clarifies that there were no disagreements or reportable events between TASER International and Arthur Andersen concerning accounting principles, financial statement disclosures, or auditing procedures during the prior two fiscal years and subsequent interim periods. Arthur Andersen has provided a letter agreeing with the company's statements regarding the change. This change in auditor is a material event that investors should note as it impacts the oversight of the company's financial reporting.
Key Highlights
- 1TASER International, Inc. is changing its independent public accountant from Arthur Andersen LLP to Deloitte & Touche LLP.
- 2The decision to change auditors was made on June 3, 2002, and approved by the Board of Directors.
- 3Deloitte & Touche LLP has been engaged to audit the company's financial statements for the fiscal year ending December 31, 2002.
- 4Arthur Andersen's reports for the last two fiscal years contained no adverse opinions, disclaimers, or qualifications.
- 5There were no disagreements on accounting principles, financial statement disclosures, or auditing procedures between TASER and Arthur Andersen.
- 6Arthur Andersen has provided a letter to the SEC agreeing with TASER's statements regarding the change in accountants.