Through what date has the management of Body Brain Center evaluated subsequent events?
Body_Brain_Center Franchise · 2025 FDDAnswer from 2025 FDD Document
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 financial statements that are 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 statements are available to be issued.
Source: Item 23 — RECEIPT (FDD pages 43–178)
What This Means (2025 FDD)
According to Body Brain Center's 2025 Franchise Disclosure Document, the independent auditor's report states that the audit was conducted for the financial statements as of December 31, 2023, and 2022.
The management of Body Brain Center is responsible for preparing and fairly presenting the financial statements in accordance with accounting principles generally accepted in the United States of America. This includes designing, implementing, and maintaining internal controls relevant to the preparation and presentation of financial statements that are free from material misstatement, whether due to fraud or error.
As part of preparing the financial statements, the management of Body Brain Center is required to evaluate whether there are conditions or events that, considered in the aggregate, raise substantial doubt about the company's ability to continue as a going concern within one year after the date that the financial statements are available to be issued. The FDD does not specify the exact date through which subsequent events were evaluated, only that it is a requirement in preparing the financial statements.