factual

What is the date of the auditor's report for Carbones Pizzeria?

Carbones_Pizzeria Franchise · 2025 FDD

Answer from 2025 FDD Document

DNJ & ASSOCIATES

Certified Public Accountants 601 Las Tunas Drive, #108, Arcadia, CA 91007 310-989-8507 www.dnjassociates.com

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 comprise the consolidated balance sheet as of October 31, 2023, and the related consolidated statements of operations, 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 consolidated financial position of the Company as of October 31, 2023, and the results of its operations and cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis of 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 Statements section of our report. We are required to be independent of the Company 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.

Responsibility of Management for the Financial Statements

Management is responsible for the preparation and fair presentation of these consolidated financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of consolidated financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the consolidated financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern within one year after the date that the consolidated financial statements are available to be issued.

Source: Item 22 — CONTRACTS (FDD page 30)

What This Means (2025 FDD)

According to the 2025 Carbones Pizzeria Franchise Disclosure Document, the independent auditor's report is addressed to the Stockholder M & T PIZZA INCORPORATED AND SUBSIDIARIES, located in St. Paul, Minnesota. The report includes an opinion that the consolidated financial statements present fairly the financial position of the Company as of October 31, 2023, and the results of its operations and cash flows for the year then ended.

The auditor, DNJ & Associates, conducted the audit in accordance with auditing standards generally accepted in the United States of America. These standards require the auditor to be independent and meet ethical responsibilities. The auditor's report confirms that management is responsible for the preparation and fair presentation of the consolidated financial statements.

This report assures prospective Carbones Pizzeria franchisees that the company's financial statements for the year ending October 31, 2023, have been independently audited and found to be fairly presented in accordance with accounting principles generally accepted in the United States of America. This provides a level of confidence in the financial information provided in the FDD.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.