What is the date of the auditor's report for Browns Chicken, LLC?
Browns_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Subsequent events have been evaluated through April 30, 2025, which is the date the financial statements were available to be issued.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
The Browns Chicken 2025 Franchise Disclosure Document (FDD) does not explicitly state the date of the auditor's report. However, Note 8, 'Subsequent Events,' indicates that subsequent events were evaluated through April 30, 2025, which is the date the financial statements were available to be issued. This suggests that the auditor's report was likely completed on or before this date.
While the FDD includes independent auditor's reports related to the financial statements for the years ending December 31, 2023 and 2024, the specific date of the auditor's report is not provided. The auditor's report expresses an opinion on the fairness of the financial statements as of those dates, in accordance with accounting principles generally accepted in the United States of America.
A prospective franchisee should request clarification from Browns Chicken regarding the exact date of the auditor's report to gain a clearer understanding of the timeline for the completion of the audit and the issuance of the financial statements. This information is essential for assessing the timeliness and reliability of the financial information provided in the FDD.