What is the date of the auditor's report for Aw?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
7. SUBSEQUENT EVENTS
The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the evaluation, the Company did not identify any recognized or nonrecognized subsequent events that would have required further adjustment or disclosure in the financial statements. Subsequent events were evaluated though April 10, 2025, the time at which the financial statements were available to be issued.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, the company evaluates events after the balance sheet date but before the financial statements are issued. For the 2023 financial statements, subsequent events were evaluated through April 10, 2025, which was the date the financial statements were available to be issued.
This means that the auditor has reviewed events occurring after the close of the 2023 financial year (December 31, 2023) up to April 10, 2025, to ensure that there are no material events that would require adjustment or disclosure in the financial statements. This review provides assurance that the financial statements reflect the most up-to-date information available as of the audit report date.
Prospective franchisees should understand that the auditor's report date indicates the cutoff for events considered in the audit. Any events occurring after this date would not be reflected in the audited financial statements. Therefore, it's important to consider this date when assessing the financial condition of Aw.