What is the date of the auditor's report for Churchs Chicken's financial statements?
Churchs_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Ernst & Young LLF Suite 1000 55 Iyan Allen Jr. Boalevard Atlanta, GA 30308 Text = 1 404 874 8300 Text = 1 404 817 5589 TV # ORR
Report of Independent Auditors
The Board of Directors Cajun Global LLC and Subsidiaries
Opinion
We have audited the consolidated financial statements of Cajun Global LLC and Subsidiaries (the Company), which comprise the consolidated balance sheets as of December 29, 2024 and December 31, 2023, and the related consolidated statements of operations, changes in member's equity and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements").
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company at years ended December 29, 2024 and December 31, 2023, and the results of its operations and its cash flows for the years then ended, 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 the Company 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.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free of material misstatement, whether due to fraud or error.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 35–43)
What This Means (2025 FDD)
According to the 2025 Churchs Chicken Franchise Disclosure Document, the auditor's report included with the financial statements is addressed to the Board of Directors of Cajun Global LLC and Subsidiaries. The report states that the auditor, Ernst & Young LLP, audited the consolidated financial statements for the years ending December 29, 2024, and December 31, 2023.
The auditor's opinion indicates that the financial statements fairly present the financial position of Cajun Global LLC and Subsidiaries for the years ending December 29, 2024, and December 31, 2023, in accordance with accounting principles generally accepted in the United States of America. This opinion is based on audits conducted in accordance with auditing standards generally accepted in the United States of America (GAAS).
The report also outlines the responsibilities of both the management and the auditor in relation to the financial statements. Management is responsible for the preparation and fair presentation of the financial statements, while the auditor's responsibility is to express an opinion on those statements based on their audit. Prospective franchisees should note that these audited statements provide an independent assessment of Churchs Chicken's financial health.