What certification must be included with the Quarterly Statement submitted by a Churchs Chicken franchisee?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Each Quarterly Statement shall contain a certificate signed by Franchisee's president, treasurer or chief financial officer certifying that such Quarterly Statement is true, correct and complete, uses accounting principles applied on a consistent basis, and accurately and completely reflects the financial condition of Franchisee and the results of operations of the Franchised Restaurant during the period covered.
Source: Item 23 — RECEIPT (FDD pages 68–406)
What This Means (2025 FDD)
According to Churchs Chicken's 2025 Franchise Disclosure Document, each Quarterly Statement submitted by a franchisee must include a signed certification. This certification must come from the franchisee's president, treasurer, or chief financial officer.
The certification confirms that the Quarterly Statement is accurate, correct, and complete. It also verifies that the statement uses consistent accounting principles. Furthermore, the certification attests that the Quarterly Statement accurately and completely reflects the financial condition and operating results of the franchised Churchs Chicken restaurant during the covered period.
This requirement ensures that Churchs Chicken receives reliable and consistent financial information from its franchisees. This allows Churchs Chicken to monitor the financial health of its franchise system and make informed business decisions. The certification adds a layer of accountability, as a high-ranking officer of the franchisee's organization must vouch for the accuracy of the submitted financial data.