What is the date of the audit report for the C12 Group's financial statements?
C12_Group Franchise · 2025 FDDAnswer from 2025 FDD Document
The financial statements of The C12 Group, LLC, as of and for the year ended December 31, 2022 were audited by other auditors, whose report dated March 15, 2023, expressed an unmodified opinion on those statements.
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to the 2025 C12 Group Franchise Disclosure Document, the audit report for the financial statements as of December 31, 2022, was dated March 15, 2023. This report expressed an unmodified opinion on those statements. The audit was conducted by other auditors.
This means that a prospective franchisee reviewing C12 Group's financial health can see that the company's financial statements for 2022 were audited by an independent firm, and that the auditors did not find any material issues with the statements. An unmodified opinion is the best opinion an auditor can give, indicating a high level of confidence in the accuracy and reliability of the financial statements.
It is important for potential franchisees to review these audited financial statements carefully, along with the accompanying notes, to understand C12 Group's financial performance and position. Understanding the auditor's opinion and the date of the report provides context for assessing the financial data presented.