What is the date of the auditor's report for Caring Transitions?
Caring_Transitions Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITORS' REPORT
To the Board of Directors C. T. Franchising Systems, Inc. Cincinnati, Ohio
Opinion
We have audited the accompanying financial statements of C. T. Franchising Systems, Inc. (an Ohio corporation), which comprise the balance sheets as of December 31, 2024, 2023, and 2022, and the related statements of operations and retained earnings, and cash flows for the years then ended and the related notes to the financial statements.
In our opinion, the 2024, 2023, and 2022 financial statements referred to above present fairly, in all material respects, the financial position of C. T. Franchising Systems, Inc. as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to Caring Transitions' 2025 Franchise Disclosure Document, the Independent Auditors' Report covers the financial statements as of December 31, 2024, 2023, and 2022. This report includes the balance sheets as of these dates, along with the related statements of operations and retained earnings, and cash flows for the years then ended.
The auditor's opinion states that the financial statements for these years present fairly the financial position, results of operations, and cash flows of C. T. Franchising Systems, Inc. in accordance with accounting principles generally accepted in the United States of America.
This information is crucial for prospective franchisees as it provides an overview of Caring Transitions' financial health over the past three years, as evaluated by an independent auditor. Reviewing these audited financial statements can help potential franchisees assess the financial stability and performance of the franchisor before making an investment decision.