As of what date are the audited financial statements for Advanced Mobile Iv And Amiv?
Advanced_Mobile_Iv_And_Amiv Franchise · 2023 FDDAnswer from 2023 FDD Document
We have audited the accompanying financial statements of Advanced Mobile IV, LLC, which comprise the balance sheet as of December 31, 2022, and the related statements of operations, members' equity, and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Advanced Mobile IV, LLC as of December 31, 2022, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Management has reviewed and evaluated subsequent events through July 10, 2023, the date on which the financial statements were issued.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2023 FDD)
According to Advanced Mobile Iv And Amiv's 2023 Franchise Disclosure Document, the audited financial statements included are as of December 31, 2022. The audit includes the balance sheet as of this date, along with statements of operations, members' equity, and cash flows for the year then ended.
Prospective franchisees should note that these financial statements provide a snapshot of Advanced Mobile Iv And Amiv's financial position and performance as of the end of 2022. This information is crucial for understanding the franchisor's financial stability and operational history. The auditor's report expresses an opinion on the fairness of these statements in accordance with accounting principles generally accepted in the United States of America.
Additionally, management has reviewed and evaluated subsequent events through July 10, 2023, which is the date the financial statements were issued. This indicates that the financial information has been updated to reflect any significant events that occurred after the balance sheet date but before the statements were released. Reviewing these dates helps a potential franchisee understand the currency and relevance of the financial information provided.