What is the date of the auditor's report for Aw's financial statements?
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 is the date the financial statements were available to be issued.
This date is important because it signifies the cutoff for incorporating any new information that could materially affect the company's financial position. Events occurring after this date would not be reflected in the 2023 financial statements.
Prospective franchisees should understand this date in the context of assessing the financial health of Aw. It's a standard accounting practice to have such a cutoff, but knowing the specific date helps in understanding the timeliness of the financial information presented.