You are most welcome, DaddyVLo. Further reading
Post# of 2009
Further reading for identifying the level of transparency present with XNRG:
As noted in the 7 October 2014 8K (can be found here: http://www.sec.gov/Archives/edgar/data/143593...141006.htm ) Xun Energy have retained Anton & Chia as the corporate auditors (http://www.ancsecservices.com/ ). Prior to that, Weinberg & Baer, LLC were the corporate auditors. Both firms are PCAOB registered.
Quote:
The PCAOB has authority to investigate and discipline registered public accounting firms and persons associated with those firms for noncompliance with the Sarbanes-Oxley Act of 2002, the rules of the PCAOB and the Securities and Exchange Commission, and other laws, rules, and professional standards governing the audits of public companies, brokers, and dealers. When violations are found, the PCAOB can impose appropriate sanctions. As required by the Sarbanes-Oxley Act, the Board’s investigations are confidential and nonpublic. The Sarbanes-Oxley Act also requires that disciplinary proceedings are confidential and nonpublic, unless and until there is a final decision imposing sanctions.
( http://pcaobus.org/Enforcement/Pages/default.aspx )
Neither company is listed by the PCAOB as having either settled or adjudicated disciplinary action.
When financial statements are audited by such a firm, the audited company must submit to the auditors evidence of the claims made in the statements. The company's word is not enough. Further, SEC legal counsel assists in ensuring all rules and mandates as set by the law are adhered to in all filings. Xun Energy's SEC counsel is Matthew McMurdo, Esq.
SEC filings, auditor & legal counsel (including Xun's litigating counsel) details can be found on the company's website:
http://www.xunenergy.com/Xun_Investor_Relations.aspx .
Thank you!