Until what date did Checkers evaluate subsequent events for the purpose of financial statement disclosures?
Checkers Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company has evaluated subsequent events through April 1, 2025, the date the financial statements were available to be issued and determined that there were no events that have occurred since the consolidated balance sheet date that required disclosure to prevent the consolidated financial statements from being materially misleading.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 91)
What This Means (2025 FDD)
According to Checkers' 2025 Franchise Disclosure Document, the company evaluated subsequent events through April 1, 2025, to ensure the financial statements were not materially misleading. This evaluation period extends from the consolidated balance sheet date to the date the financial statements were available to be issued.
This subsequent event evaluation is a standard accounting practice. It helps ensure that all relevant information, including events that occur after the balance sheet date but before the financial statements are issued, is considered and disclosed if necessary. For a potential Checkers franchisee, this means that the financial statements provided in the FDD have been vetted for any significant events that could impact the company's financial position.
The note indicates that Checkers determined no events occurred that required disclosure. This provides a level of assurance that the financial statements accurately reflect the company's financial condition as of the balance sheet date, without any known material events that would change that picture.