What is the date of the auditor's report for Chesters International, LLC?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audits, significant audit findings, and certain internal control related matters that we identified during the audits.
Birmingham, Alabama April 4, 2024
Source: Item 21 — **FINANCIAL STATEMENTS (FDD page 48)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, the auditor's report for the financial statements ending December 31, 2023 and 2022 is dated April 4, 2024. This report, prepared by Warren Averett, LLC in Birmingham, Alabama, provides an independent opinion on the fairness and accuracy of Chesters's financial statements.
For a prospective franchisee, this date is important because it indicates how recent the audited financial statements are. The closer the audit date is to the present, the more up-to-date the financial information is likely to be. This allows potential franchisees to assess the financial health and stability of Chesters based on the most current data available.
Additionally, the 2025 FDD includes a second auditor's report for the financial statements ending December 31, 2024 and 2023, dated April 16, 2025. Having two sets of audited financial statements provides a more comprehensive view of Chesters's financial performance over multiple years, allowing potential franchisees to identify trends and assess the company's financial trajectory.