What is the date of the auditor's report for C12 Group?
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 C12 Group's 2025 Franchise Disclosure Document, the financial statements for the year ended December 31, 2022, were audited by other auditors. The auditor's report for these financial statements is dated March 15, 2023.
This date is important for prospective franchisees as it indicates how recent the financial information is. The auditor's report provides an independent opinion on the fairness of C12 Group's financial statements, offering a level of assurance to potential investors.
It is standard practice for franchisors to include audited financial statements in their FDDs, as this provides transparency and helps potential franchisees assess the financial health and stability of the franchise system. The inclusion of an auditor's report, along with its date, allows individuals to gauge the reliability and currency of the financial information presented by C12 Group.