Through what date has Buildingstars performed a review of events subsequent to the balance sheet date?
Buildingstars Franchise · 2025 FDDAnswer from 2025 FDD Document
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
St. Louis, Missouri March 11, 2025
Source: Item 20 — OUTLETS AND FRANCHISEE INFORMATION (FDD pages 34–43)
What This Means (2025 FDD)
According to Buildingstars' 2025 Franchise Disclosure Document, the independent auditor's report is dated March 11, 2025. This report accompanies the consolidated financial statements, which include balance sheets as of December 31, 2024, 2023, and 2022.
The auditor's report indicates that the audit was conducted in accordance with auditing standards generally accepted in the United States of America. As part of their responsibilities, the auditors are required to communicate with those charged with governance regarding the scope and timing of the audit, significant audit findings, and internal control related matters identified during the audit.
While the audit report is dated March 11, 2025, the FDD does not explicitly state the specific date through which Buildingstars performed a review of events subsequent to the balance sheet date of December 31, 2024. Typically, such a review would cover the period from the balance sheet date to the date the financial statements are available to be issued. A prospective franchisee should confirm with Buildingstars the exact date of the subsequent events review to fully understand the scope of the audit.