Who is the independent auditor for Burros Fries Franchise, Inc.?
Burros_Fries Franchise · 2024 FDDAnswer from 2024 FDD Document
Prudhomme Associates CPAs
A Professional Corporation
43460 Ridge Park Drive, Suite 220 Temecula, CA 92590
To the Shareholder of Burros & Fries Franchise, Inc. 4536 Bonita Rd. Bonita, CA 91902
We hereby consent to the use of our Independent Auditor's Report dated November 4, 2024, relating to the financial statements of Burros & Fries Franchise, Inc. for the period ending December 31, 2023, with the Franchise Disclosure Document which was issued by Burros & Fries Franchise, Inc. (Franchisor) on November 15, 2024, or as it may be amended, and with the Burros & Fries Franchise, Inc. Franchise Application.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 53)
What This Means (2024 FDD)
According to Burros Fries's 2024 Franchise Disclosure Document, the independent auditor is Prudhomme Associates CPAs, A Professional Corporation, located at 43460 Ridge Park Drive, Suite 220 Temecula, CA 92590. Prudhomme Associates CPAs has provided independent auditor's reports for the financial statements of Burros & Fries Franchise, Inc. for the fiscal years ending December 31, 2021, December 31, 2022, and December 31, 2023. These reports, along with the financial statements, are included as Exhibit G to the Franchise Disclosure Document.
The auditor's reports include an opinion on whether the financial statements present fairly the financial position, results of operations, and cash flows of Burros Fries in accordance with accounting principles generally accepted in the United States of America. The auditor also states that they conducted their audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and are required to be independent of Burros Fries.
Prospective franchisees should understand the role of an independent auditor in providing assurance about the accuracy and reliability of a franchisor's financial statements. This helps potential franchisees make informed decisions about investing in the franchise. It is standard practice for franchisors to include audited financial statements in their FDD, and the presence of a well-regarded auditor like Prudhomme Associates CPAs can add credibility to Burros Fries's financial reporting.