Who is the auditing firm for Chop5 Salad Kitchen?
Chop5_Salad_Kitchen Franchise · 2024 FDDAnswer from 2024 FDD Document
84-0820 | Dani Shirmon |
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EXHIBIT "G"
TO DISCLOSURE DOCUMENT
FINANCIAL STATEMENTS
[See Attached]
| Independent Auditor's Report | 3 |
|---|---|
| Balance Sheets | 5 |
| Statements of Operations | 6 |
| Statements of Changes in Member Equity | 7 |
| Statements of Cash Flows | 8 |
| Notes to Financial Statements | 9 |
Independent Auditor's Report
To the Member CHOP5 Franchise LLC Louisville, Kentucky
Report on the Audit of the Financial Statements
Opinion
We have audited the accompanying balance sheets of CHOP5 Franchise LLC as of December 31, 2023, and 2022 and the related statements of operations, member equity and cash flows for the years ended December 31, 2023, 2022, and 2021, and the notes to financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of CHOP5 Franchise LLC as of December 31, 2023, and 2022 and the results of their operations and their cash flows for the years ended December 31, 2023, 2022, and 2021 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 (GAAS). 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 CHOP5 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 — RECEIPT (FDD pages 50–178)
What This Means (2024 FDD)
According to Chop5 Salad Kitchen's 2024 Franchise Disclosure Document, the financial statements were audited by an independent auditor. The report included in the FDD is addressed to the Member of CHOP5 Franchise LLC in Louisville, Kentucky. The report covers the balance sheets as of December 31, 2023, and 2022, as well as the statements of operations, member equity, and cash flows for the years ended December 31, 2023, 2022, and 2021.
The auditor's opinion states that the financial statements present fairly the financial position of Chop5 Salad Kitchen as of December 31, 2023, and 2022, and the results of operations and cash flows for the years ended December 31, 2023, 2022, and 2021, in accordance with accounting principles generally accepted in the United States of America.
The audit was conducted following auditing standards generally accepted in the United States of America (GAAS). The auditor's responsibilities under these standards include maintaining independence and meeting ethical requirements. Management is responsible for the preparation and fair presentation of the financial statements, including internal controls and evaluating the company's ability to continue as a going concern. The auditor's responsibility is to express an opinion on the financial statements based on the audit evidence obtained.