Replies to post #42178 on High Wire Networks Inc (HWNI)

[micah211099]

I'm saying that if a material event happened after the close of the fiscal year but prior to the sign off of the audited financial statements it would be disclosed in the subsequent events section of the financial statements. The idea that this section is optional or the choice of the company is not accurate. Is it possible that something significant happens and a company hides it from their auditors or simply chooses not to disclose it? Yes. Is it possible that an auditing firm is aware of such a material event and doesn't include it in this section simply because it occurred after the end of the fiscal year? Not really.