What is the date of the auditor's report for Chocolate Fish Coffee?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Omar Alnuaimi, CPA
Naperville, IL March 1, 2024
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 41)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, the auditor's report is dated March 1, 2024. This date signifies when the audit was completed and the auditor, Omar Alnuaimi, CPA from Naperville, IL, finalized their opinion on the company's financial statements.
This date is important for prospective franchisees as it indicates the recency of the financial information they are reviewing. The auditor's report provides an independent assessment of Chocolate Fish Coffee's financial position as of December 31, 2023, and the results of its operations for the period then ended. The report assures that the financial statements are presented fairly in accordance with accounting principles generally accepted in the United States of America.
Furthermore, the management of Chocolate Fish Coffee evaluated subsequent events through March 1, 2024, which is the same date as the auditor's report. This evaluation confirms that there were no significant events after the balance sheet date that would materially affect the financial statements. This provides additional assurance to potential franchisees about the accuracy and reliability of the financial information presented.