What is the date of the auditor's report for 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 C12 Group's 2025 Franchise Disclosure Document, the financial statements for the year ending December 31, 2022, were audited by other auditors, whose report was dated March 15, 2023. This indicates the completion of the audit and the issuance of the auditor's opinion on the financial statements as of that date.
The auditor's report provides an independent assessment of C12 Group's financial statements, offering assurance to potential franchisees regarding the accuracy and reliability of the financial information presented. The report confirms that the financial statements present fairly the financial position, results of operations, and cash flows of C12 Group for the specified period, in accordance with generally accepted accounting principles.
Prospective franchisees should review these audited financial statements and the accompanying auditor's report carefully, as they provide valuable insights into the financial health and stability of C12 Group. Understanding the auditor's opinion and any qualifications or disclosures made in the report is crucial for making an informed investment decision. Additionally, comparing the dates of the financial statements and the auditor's report can provide an understanding of the timeliness of the information.