Where can I find the Report of Independent Auditors in the Buff City Soap FDD?
Buff_City_Soap Franchise · 2025 FDDAnswer from 2025 FDD Document
Report of Independent Auditors
To the Management of Buff City Soap Franchising, LLC
Opinion
We have audited the accompanying financial statements of Buff City Soap Franchising, LLC (the "Company"), which comprise the balance sheets as of December 29, 2024 and December 31, 2023, and the related statements of operations, of member's deficit and of cash flows for the years then ended, including the related notes (collectively referred to as the "financial statements").
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 29, 2024 and December 31, 2023, and the results of its operations and its cash flows for the years 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 (US GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements 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.
Other Matter
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.
Responsibilities of Management for the Financial Statements
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 for one year after the date the financial statements are available to be issued.
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 the 2025 Buff City Soap FDD, the Report of Independent Auditors is included within the document. This report provides an opinion on the fairness and accuracy of the company's financial statements.
The report specifically covers the balance sheets as of December 29, 2024, and December 31, 2023, along with the statements of operations, member's deficit, and cash flows for the years then ended. The auditors' opinion confirms that these financial statements present fairly the financial position, results of operations, and cash flows of Buff City Soap Franchising, LLC in accordance with accounting principles generally accepted in the United States of America.
The audit was conducted following auditing standards generally accepted in the United States of America (US GAAS). The auditors believe that the evidence they obtained was sufficient and appropriate to provide a basis for their audit opinion. The report also mentions that the financial statements 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.
The report also outlines management's responsibilities for the financial statements, including their preparation, fair presentation, and the maintenance of internal controls. Management is also required to evaluate the company's ability to continue as a going concern for one year after the financial statements are issued.