Does the text specify any conditions that would require Checkersrallys to restate its financial statements?

According to Checkersrallys's 2025 Franchise Disclosure Document, Note 16 discusses subsequent events and states that the company 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. This suggests that if events occurred after this date that would materially mislead the financial statements, Checkersrallys might need to restate them.

Additionally, the auditor's responsibilities include obtaining reasonable assurance that the financial statements are free of material misstatement, whether due to fraud or error. Misstatements are considered material if they would influence the judgment of a reasonable user of the financial statements. This implies that if material misstatements are discovered, Checkersrallys may need to restate its financial statements to correct these errors.

Furthermore, management is responsible for designing, implementing, and maintaining internal control relevant to the preparation and fair presentation of financial statements that are free of material misstatement, whether due to fraud or error. If these controls fail and result in material misstatements, it could necessitate a restatement of Checkersrallys's financial statements.