Who is the independent auditor that audited the consolidated financial statements of 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 auditor for the consolidated financial statements is Lavine, Lofgren, Morris & Engelberg, LLP. Their report indicates they audited the consolidated balance sheets as of September 30, 2024, and 2023, along with the consolidated statements of income, shareholders' equity, and cash flows for the years ended September 30, 2024, 2023, and 2022.
The auditor's report expresses an opinion that the financial statements of Annex Brands and its subsidiary present fairly their financial position and results of operations in accordance with accounting principles generally accepted in the United States of America. The auditor states they conducted their audits in accordance with auditing standards generally accepted in the United States, maintaining independence and meeting ethical responsibilities.
Lavine, Lofgren, Morris & Engelberg, LLP is located in La Jolla, California. Their responsibilities include exercising professional judgment, assessing risks of material misstatement, understanding internal controls, evaluating accounting policies, and concluding on Annex Brands' ability to continue as a going concern. The auditor's report is dated December 30, 2024, indicating the completion of their audit procedures and evaluation of subsequent events up to that date.