On what date did Deloitte & Touche LLP issue their audit opinion for Benihana?

According to Benihana's 2024 Franchise Disclosure Document, Deloitte & Touche LLP issued their audit opinion on March 14, 2024. The audit opinion is related to the company's internal control over financial reporting. Deloitte & Touche LLP has served as Benihana's auditor since 2021.

The audit likely assesses the effectiveness of Benihana's internal controls related to financial reporting. This includes evaluating how well the company maintains accurate records, ensures transactions are properly recorded, and prevents unauthorized use or loss of company assets. The audit also likely involves testing the company's procedures for evaluating potential impairment of long-lived assets, such as restaurant locations.

For a prospective Benihana franchisee, the audit opinion provides some assurance that the company's financial reporting is reliable. However, it's important to remember that even an effective internal control system cannot provide absolute certainty that financial misstatements will be prevented or detected. Franchisees should still conduct their own due diligence and carefully review Benihana's financial statements before investing.