Who is the auditing firm that performed the audit for the C12 Group?
C12_Group 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.
ADKF, P.C. San Antonio, Texas March 25, 2024
ADKF,PC
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THE C12 GROUP, LLC Balance Sheets December 31, 2023 and 2022
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 C12 Group Franchise Disclosure Document, the financial statements for December 31, 2024, were audited by ADKF, P.C. The audit firm issued an opinion that the financial statements present fairly, in all material respects, the financial position of The C12 Group, LLC as of December 31, 2024 and 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. ADKF, P.C. is located in San Antonio, Texas.
For the financial statements as of December 31, 2022, Schriver, Carmona & Company, PLLC performed the audit. Their report, dated March 15, 2023, expressed an unmodified opinion on those statements.
Prospective franchisees should note that different auditing firms may be engaged by C12 Group in different years. It is a common practice for companies to switch auditors periodically, and this does not necessarily reflect negatively on either the franchisor or the auditing firms involved. However, a prospective franchisee may want to understand the reasons for any changes in auditors and ensure that the financial statements have been consistently and reliably audited.