Does the independent accountant provide a compilation report for Bhc's financial statements?
Bhc Franchise · 2025 FDDAnswer from 2025 FDD Document
Exhibit C to the disclosure document contains our unaudited opening balance sheet, BHC USA LLC's audited financial statements for the fiscal years ended as of December 31, 2024, with an independent accountant's compilation report. Our fiscal year-end is December 31st.
Source: Item 21 — Financial Statements (FDD page 52)
What This Means (2025 FDD)
According to Bhc's 2025 Franchise Disclosure Document, the company includes audited financial statements for the fiscal year ending December 31, 2024, along with an independent accountant's compilation report, as part of Exhibit C.
An independent accountant's compilation report on Bhc's financial statements suggests that a professional accounting firm has assembled the company's financial data into financial statements. This compilation provides a basic level of assurance, indicating that the accountant has not audited or reviewed the information and, therefore, does not express an opinion or any other form of assurance on the financial statements.
For a prospective franchisee, the inclusion of a compilation report indicates a degree of financial transparency. While it doesn't offer the same level of scrutiny as an audit, it confirms that an accountant has been involved in the preparation of Bhc's financial statements. Franchisees should carefully review these statements and consider seeking professional financial advice to fully understand the financial health of Bhc.