What is the date of the auditor's report for Burneys Sweets More?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company evaluates events occurring subsequent to the date of the financial statements in determining the accounting for and disclosure of transactions and events that affect the financial statements. Subsequent events have been evaluated through April 9, 2025, which is the date the financial statements were available to be issued.
Source: Item 23 — RECEIPT (FDD pages 50–199)
What This Means (2025 FDD)
According to Burneys Sweets More's 2025 Franchise Disclosure Document, the auditor's report is related to the financial statements of DMG Burney, Inc. The report indicates that subsequent events were evaluated through April 9, 2025, which is the date the financial statements were available to be issued.
This means that the auditors, Thompson, Price, Scott, Adams & Co., P.A., have assessed events occurring after the balance sheet date (December 31, 2023 and 2022) up to April 9, 2025, to ensure that these events are properly accounted for and disclosed in the financial statements. This evaluation is a standard auditing procedure to provide assurance that the financial statements reflect the most current information available.
For a prospective Burneys Sweets More franchisee, this date is important because it indicates how current the financial information is. The auditor's report provides an opinion on the fairness of the financial statements as of December 31, 2023 and 2022, but the evaluation of subsequent events through April 9, 2025, enhances the reliability of those statements by incorporating any significant events that occurred after the balance sheet date but before the statements were issued. This gives the franchisee more confidence in the financial health and stability of DMG Burney, Inc.