Auditors are only required to "review" the financial information reported quarterly on Form 10-Q as stated in your link. Audits are required for annual reports on Form 10-K.
As I have stated, I believe that the new auditors will not accept the previously filed financial statements for XUN Energy (XNRG) as they were not prepared according to GAAP and constitute financial fraud. The new auditors would likely require Jerry to restate prior years and quarters, which would call attention to the fraud.
Jerry's next SEC filing may be a Form 15 to de-register the stock.
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