Who is responsible for the consolidating information presented for Bb.Q Chicken?
Bb_Q_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
The consolidating information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare financial statements. Such information has been subjected to the auditing procedures applied in the audit of the consolidated financial statements and certain additional procedures, including comparing and reconciling such information directly to the underlying accounting and other records used to prepare the consolidated financial statements or to the consolidated financial statements themselves, and other additional procedures in accordance with auditing standards generally accepted in the United States of America. In our opinion, consolidating information is fairly stated in all material respects in relation to the consolidated financial statements as a whole.
Source: Item 23 — RECEIPTS (FDD pages 62–283)
What This Means (2025 FDD)
According to Bb.Q Chicken's 2025 Franchise Disclosure Document, the responsibility for the consolidating information lies with the management of BBDOTQ USA, Inc. This information is derived from the company's accounting and other records used to prepare the financial statements.
An independent auditor audits the consolidated financial statements of BBDOTQ USA, Inc. and its subsidiaries. Their report, dated February 24, 2025, expresses an unqualified opinion on those financial statements. The auditor's role is to provide an opinion on the consolidated financial statements as a whole, while the consolidating information is presented for additional analysis and is not a required part of the consolidated financial statements.
The auditor conducts procedures to ensure the consolidating information is fairly stated in relation to the consolidated financial statements. These procedures include comparing and reconciling the information to the underlying accounting records and the consolidated financial statements themselves. However, the auditor does not express an opinion on the financial position, results of operations, and cash flows of the individual companies.