What is the name of the company whose financial statements were audited in relation to Carbones Pizzeria?
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.
Responsibilities of Management for the Consolidated 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 FDD, the financial statements that were audited are those of M & T Pizza Incorporated and Subsidiaries. The audit reports included in the FDD were prepared by DNJ & Associates, Certified Public Accountants, and addressed to the stockholder of M & T Pizza Incorporated and Subsidiaries. These reports cover the consolidated financial statements, including the balance sheet, statements of operations, changes in stockholder's equity, and cash flows.
The auditor's opinion states that the consolidated financial statements of M & T Pizza Incorporated and Subsidiaries present fairly, in all material respects, the financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the United States of America. The audit was conducted following auditing standards generally accepted in the United States of America, ensuring independence and adherence to ethical responsibilities.
Management of M & T Pizza Incorporated and Subsidiaries is responsible for the preparation and fair presentation of these financial statements, including the design, implementation, and maintenance of internal controls. This responsibility extends to evaluating the company's ability to continue as a going concern. The auditor's role is to provide an independent assessment of whether the financial statements are presented fairly and in accordance with accounting principles.