As of what date were the auditor's responsibilities for the audit of 7 Brew's financial statements determined?

According to 7 Brew's 2025 Franchise Disclosure Document, the auditor's responsibilities for the audit of the financial statements were determined as of May 28, 2025. This is the date the financial statements were available to be issued, according to the document.

This date is important because it signifies the conclusion of the auditor's evaluation of events that could materially affect 7 Brew's financial position. Subsequent events, which are events occurring after the balance sheet date but before the financial statements are issued, are evaluated to determine if they require adjustment or disclosure in the financial statements.

For a prospective 7 Brew franchisee, this date provides assurance that the financial information presented in the FDD has been reviewed and evaluated up to a specific point in time. It's a standard practice in financial reporting to have a cutoff date for evaluating subsequent events to ensure the financial statements reflect the most current and relevant information available.