Replies to post #29787 on Zion Oil & Gas Inc (ZNOG)

[microcaps1]

yes- i'm aware the subsequent period is after sept 30 and ends on the date of the report nov 8,and that only zn's 10k-as opposed to 10q-is audited-which is what i've seen in probably everyone of the literally thousands of different stocks financial statements i've looked at-just so onlookers know that is the norm

acct is one of my many degrees summa cum laude but have never done it for a living -but all the resources i've seen relate a subsequent event to something that will impact/change the financial statements
-always something of a financial nature,whether type 1 or 2

i continue to see that in all of the sources i've just looked up including the following-they all talk about financial events-events which alter the financial statements

testing results,especially intermediate, are not financial events and dont alter financial statements nor directly affect sep 30 financials nor financials subsequent to sept 30

and yes almost all the sources talk about auditing-but that should not change the definition of what is a subsequent event

https://pcaobus.org/Standards/Auditing/Pages/AS2801.aspx
https://strategiccfo.com/subsequent-events/


so i would appreciate it if u have some authoritative source that includes events which are not per se financial events or of a financial nature and/or dont immediately impact the past or current financial statements

if subsequent events are not limited to that which affects the past dated financials that would impact my reading of co's financial statements
i like to learn
thank you in advance