Where is the auditor located who performed the audit for Carbones Pizzeria?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
LLP Certified Public Accountants and Business Consultants
Member of American Institute of Certified Public A--Member of American Institute of Certified Public Accountants and California Society of Public Accountants Participant in Quality Review Program of AICPA
INDEPENDENT AUDITOR'S REPORT
To the Stockholder M & T Pizza Incorporated and Subsidiaries St. Paul, Minnesota
Opinion
We have audited the accompanying consolidated financial statements of M&T Pizza Incorporated and Subsidiaries ("the Company"), a Minnesota corporation, which comprises the consolidated balance sheet as of October 31, 2022, and the related consolidated statements of income, changes in stockholder's equity, and cash flows for the year then ended and the related notes to consolidated financial statements.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of October 31, 2022, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statement section of our report. We are required to be independent of M&T Pizza Incorporated and Subsidiaries and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Emphasis of Matter
As discussed in Note (G) to these financial statements, on March 11, 2020, the World Health Organization declared the novel strain of coronavirus (COVID-19) a global pandemic and recommended containment and mitigation measures worldwide. The ultimate financial impact and duration of these events cannot be reasonably estimated at this time. Our opinion is not modified with respect to that matter.
Responsibilities of Management for the Consolidated Financial Statements
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the auditor for the consolidated financial statements of M&T Pizza Incorporated and Subsidiaries is located in St. Paul, Minnesota. The audit was conducted by an LLP Certified Public Accountants and Business Consultants. This information is relevant to prospective franchisees as it provides transparency regarding the financial oversight of Carbones Pizzeria.
The auditor's report indicates that the audit was performed in accordance with auditing standards generally accepted in the United States of America. The auditor is required to be independent of M&T Pizza Incorporated and Subsidiaries and to meet ethical responsibilities relevant to the audit. This suggests that an independent firm has reviewed the financial statements and found them to be fairly presented in accordance with accounting principles generally accepted in the United States of America.
The report also includes an emphasis of matter regarding the potential impact of the COVID-19 pandemic, which was declared a global pandemic on March 11, 2020. While the ultimate financial impact and duration of these events could not be reasonably estimated at the time of the audit, this highlights a potential risk factor that could affect the company's financial performance. This information is useful for prospective franchisees to understand the potential risks and uncertainties associated with investing in a Carbones Pizzeria franchise.