Who is the auditing firm for Annex Brands?
Annex_Brands Franchise · 2025 FDDAnswer from 2025 FDD Document
LAVINE, LOFGREN, MORRIS | CERTIFIED & ENGELBERG, LLP
PUBLIC ACCOUNTANTS
PHONE
4180 LA JOLLA VILLAGE DRIVE SUITE 300
LA JOLLA CALIFORNIA 92037 www.llme.com
(858) 455-1200 FAX (858) 455-0898 WEB SITE
An Independent Member of BKR International
INDEPENDENT AUDITORS' REPORT
To the Board of Directors Annex Brands, Inc. San Diego, California
Opinion
We have audited the accompanying consolidated financial statements of Annex Brands, Inc. and Subsidiary (together, the "Company"), which comprise the consolidated balance sheets as of September 30, 2024 and 2023, and the related consolidated statements of income, shareholders' equity, and cash flows for the years ended September 30, 2024, 2023, and 2022, and the related notes to the financial statements
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of Annex Brands, Inc. and Subsidiary as of September 30, 2024 and 2023, and the results of their operations and their cash flows for the years ended September 30, 2024, 2023, and 2022, in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements
Source: Item 21 — Financial Statements (FDD page 109)
What This Means (2025 FDD)
According to Annex Brands' 2025 Franchise Disclosure Document, the independent auditing firm is Lavine, Lofgren, Morris & Engelberg, LLP. Their office is located at 4180 La Jolla Village Drive, Suite 300, La Jolla, California 92037. Their phone number is (858) 455-1200, fax number is (858) 455-0898, and website is www.llme.com.
Lavine, Lofgren, Morris & Engelberg, LLP issued an Independent Auditors' Report to the Board of Directors of Annex Brands, Inc. in San Diego, California. The report includes their opinion that the consolidated financial statements of Annex Brands, Inc. and Subsidiary as of September 30, 2024 and 2023, and the related consolidated statements of income, shareholders' equity, and cash flows for the years ended September 30, 2024, 2023, and 2022, are presented fairly in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees should note that the auditor's report provides an independent opinion on the accuracy and fairness of Annex Brands' financial statements. This opinion is based on audits conducted in accordance with generally accepted auditing standards, which include assessing the risks of material misstatement and evaluating the appropriateness of accounting policies. The auditor's report can give potential investors confidence in the financial information provided by Annex Brands.
The audit was conducted to obtain reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error. The auditors also state that they are required to communicate with those charged with governance regarding the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that were identified during the audit.