What is the date of the auditor's report for Better Blend?
Better_Blend Franchise · 2024 FDDAnswer from 2024 FDD Document
INDEPENDENT AUDITOR'S REPORT
Board of Members of Better Blend Franchising, LLC
Opinion
We have audited the financial statements of Better Blend Franchising, LLC (the "Company"), which comprise the balance sheet as of December 31, 2023, the related statements of operations, member's deficit, and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements presents fairly, in all material respects, the financial position of the Company as of December 31, 2023, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statement section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statement
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of a financial statements that is free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the financial statement is issued or available to be issued.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 43)
What This Means (2024 FDD)
According to Better Blend's 2024 Franchise Disclosure Document, the independent auditor's report is related to the financial statements as of December 31, 2023. The auditor's report expresses an opinion on the fairness of Better Blend's financial position as of that date, as well as the results of its operations and cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America.
The auditor states they conducted the audit in accordance with auditing standards generally accepted in the United States of America (GAAS). Their responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statement section of their report. The auditor is required to be independent of Better Blend and to meet ethical responsibilities related to the audit.
Management is responsible for the preparation and fair presentation of the financial statements, including the design, implementation, and maintenance of internal controls. Management must also evaluate whether there are conditions or events that raise substantial doubt about Better Blend's ability to continue as a going concern within one year after the date that the financial statement is issued or available to be issued.