Xun Energy, Inc. (fka XNRG)

[Cassandra]

Unfortunately the SEC often considers "creative accounting" that blatantly violates GAAP to be fraud.

There is no doubt in my mind that accounting fraud has been committed in multiple XNRG quarterly and annual financial reports even though the latter were audited. In fact, basic accrual accounting principles were not followed regarding multiple transactions -- especially in the category of prepaid expenses.