Are Buona's financial statements audited?

According to Buona's 2025 Franchise Disclosure Document, the company's financial statements are indeed audited. The FDD includes reports from independent auditors regarding the financial statements of Chicago's Original Italian Beef Franchising LLC, which is the franchising entity for Buona.

The independent auditors' reports included in the FDD cover the balance sheets, statements of operations, changes in members' equity (deficit), and cash flows for the fiscal years ended December 29, 2024 and December 31, 2023. The auditors' opinions state that the financial statements present fairly, in all material respects, the financial position of Buona as of the specified dates, in accordance with accounting principles generally accepted in the United States of America.

The audits were conducted in accordance with auditing standards generally accepted in the United States of America, and the auditors believe they obtained sufficient and appropriate audit evidence to provide a basis for their opinions. Management is responsible for the preparation and fair presentation of the financial statements, including the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement.