What date is the auditor's report for Buff City Soap's financial statements?
Buff_City_Soap Franchise · 2025 FDDAnswer from 2025 FDD Document
The financial statements of the Company for the year ended January 1, 2023 were audited by other auditors whose report, dated September 29, 2023, expressed an unmodified opinion on those statements.
Source: Item 6 — , Securities Offering Fee, in the amount column is revised to state the following: (FDD pages 216–303)
What This Means (2025 FDD)
According to Buff City Soap's 2025 Franchise Disclosure Document, the financial statements for the year ended January 1, 2023, were audited by other auditors whose report was dated September 29, 2023. This report expressed an unmodified opinion on those statements.
An unmodified opinion suggests that the auditors found no material misstatements in the financial statements, indicating a clean bill of health for that period. This provides potential franchisees with some assurance regarding the financial reporting for that specific year.
It's important to note that the FDD also includes audits for the years ending December 29, 2024, and December 31, 2023, conducted by a different auditor. Reviewing all available audited financial statements and understanding the auditor's opinions is a crucial part of assessing the financial stability of Buff City Soap.