Are the financial statements for Carbones Pizzeria as of October 31, 2024, audited?
Carbones_Pizzeria Franchise · 2025 FDDAnswer from 2025 FDD Document
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, 2024, 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, 2024, and the consolidated 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 consolidated 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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 30)
What This Means (2025 FDD)
According to Carbones Pizzeria's 2025 Franchise Disclosure Document, the consolidated financial statements as of October 31, 2024, have been audited by DNJ & Associates, Certified Public Accountants. The Independent Auditor's Report states that the audit was conducted in accordance with auditing standards generally accepted in the United States of America.
The auditor's opinion is that the financial statements present fairly, in all material respects, the consolidated financial position of M & T Pizza Incorporated and Subsidiaries as of October 31, 2024, and the consolidated 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.
This means that an independent accounting firm has reviewed Carbones Pizzeria's financial records and provided an opinion on whether they are presented fairly and in accordance with standard accounting practices. This audit provides a level of assurance to potential franchisees that the financial information provided by Carbones Pizzeria is reliable and accurate. Prospective franchisees should carefully review the audited financial statements and related notes to understand the financial health and performance of Carbones Pizzeria.