What standard does Carbones Pizzeria management use to present the consolidated financial statements?

According to the 2025 Carbones Pizzeria Franchise Disclosure Document, the company prepares its consolidated financial statements in accordance with accounting principles generally accepted in the United States of America, also known as "US GAAP". This indicates that Carbones Pizzeria adheres to a standardized and widely recognized framework for financial reporting. This framework ensures consistency and comparability in their financial statements.

For a prospective franchisee, this is important because it means that Carbones Pizzeria's financial statements are prepared using a consistent and well-understood set of rules. This allows potential franchisees and their advisors to more easily analyze and compare Carbones Pizzeria's financial performance with other companies, both within and outside the franchise industry. It also provides a level of assurance that the financial information is reliable and has been prepared according to established standards.

Furthermore, the FDD includes an Independent Auditor's Report from DNJ & Associates, indicating that a certified public accounting firm has audited Carbones Pizzeria's consolidated financial statements. The auditor's opinion states that the financial statements present fairly, in all material respects, the consolidated financial position, results of operations, and cash flows of the company in accordance with US GAAP. This external audit provides an additional layer of credibility and assurance to the financial information presented in the FDD.