Who is the auditing firm for Chatime Franchise LLC?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
50 Rockefeller Plaza New York, NY 10020 T 212.697.1000 F 212.202.5107 citrincooperman.com
INDEPENDENT AUDITOR'S REPORT
To the Member Chatime Franchise LLC
Opinion
We have audited the accompanying financial statements of Chatime Franchise LLC (a limited liability company) which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations and member's equity (deficit) and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Chatime Franchise LLC as of December 31, 2024 and 2023, 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.
Basis for Opinion
We conducted our audits 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 Chatime Franchise LLC and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, the independent auditor for Chatime Franchise LLC is Citrin Cooperman. Their report covers the financial statements for the years ending December 31, 2024, and 2023. Citrin Cooperman issued an opinion stating that the financial statements fairly represent Chatime Franchise LLC's financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the United States of America.
Citrin Cooperman's report also details their responsibilities as auditors, which include obtaining reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error. They outline the procedures they follow, such as exercising professional judgment, assessing risks, examining evidence, and evaluating accounting policies. The auditors also state that they are required to communicate with those charged with governance regarding the audit's scope, timing, and significant findings.
The auditor's address is 50 Rockefeller Plaza New York, NY 10020. Prospective franchisees can use this information to verify the auditor's credentials and standing, if desired, as part of their due diligence process. Understanding who audits the financial statements of a franchise system can provide an additional layer of insight into the financial health and reporting practices of Chatime.