Who is the Certified Public Accountant responsible for the Carbones Pizzeria financial statements?
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.
Source: Item 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to the 2025 Carbones Pizzeria Franchise Disclosure Document, the financial statements for M&T Pizza Incorporated and Subsidiaries were audited by an independent auditor. The auditor's report indicates that LLP Certified Public Accountants and Business Consultants conducted the audit. This firm is a member of the American Institute of Certified Public Accountants and the California Society of Public Accountants and participates in the Quality Review Program of AICPA.
The auditor's report covers the consolidated financial statements as of October 31, 2022, including the consolidated balance sheet, statements of income, changes in stockholder's equity, and cash flows. The auditor's opinion states that these financial statements present fairly the financial position of the company as of that date, 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, though the auditor's opinion is not modified with respect to this matter. The auditor's responsibility is to express an opinion on the financial statements based on an audit conducted in accordance with auditing standards generally accepted in the United States of America.