What is the name of the auditing firm that issued the qualified opinion for Bb.Q Chicken?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Assets | 18,709,596 | 14,654,962 |
ONE STATION PLAZA
RIDGEFIELD PARK, NJ 07660 TEL: (201)699-0969 FAX:(201)917-5017 sseo@scjcpa.com
Independent Auditors' Report
To the Board of Director and Stockholders of BBDOTQ USA, Inc.:
Opinion
We have audited the accompanying consolidated financial statements of BBDOTQ USA, Inc and its subsidiaries (the 'Company") which comprise the balance sheet as of December 31, 2024 and 2023, and the related statements income and retained deficit and cash flows for the years 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 BBDOTQ USA INC. and its Subsidiaries as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the independent auditor's report on the consolidating information for the years ended December 31, 2023, and 2022 was issued by an auditing firm. While the report expressed a qualified opinion on the financial statements, the document does not explicitly state the name of the auditing firm that issued this opinion.
However, the FDD includes a separate Independent Auditors' Report that expresses an opinion on the consolidated financial statements of BBDOTQ USA, Inc and its subsidiaries as of December 31, 2024 and 2023. This report was issued by "S&C Joyner CPA LLC".
Prospective franchisees should verify with Bb.Q Chicken whether S&C Joyner CPA LLC also issued the qualified opinion mentioned in the other report, or if a different firm was responsible for that specific audit. Understanding the reasons behind a qualified opinion is crucial, and knowing which firm issued it can help in assessing the financial due diligence conducted on Bb.Q Chicken.