As of what dates are the balance sheets presented in the audited financial statements for Cilantro Taco Grill?
Cilantro_Taco_Grill Franchise · 2024 FDDAnswer from 2024 FDD Document
CTG Franchise, LLC BALANCE SHEETS As of December 31, 2023 and 2022
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of CTG Franchise, LLC as of December 31, 2023 and 2022 along with the results of its operations, in accordance with accounting principles generally accepted in the United States of America.
Subsequent events have been evaluated through April 28, 2024, which is the date the financial statements were available to be issued. No significant events or transactions were identified that would require adjustment to the financial statements.
Source: Item 23 — RECEIPT (FDD pages 52–208)
What This Means (2024 FDD)
According to Cilantro Taco Grill's 2024 Franchise Disclosure Document, the balance sheets in the audited financial statements are presented as of December 31, 2023 and 2022. This provides a comparative view of the company's financial position at the end of these two consecutive years.
The independent auditor's opinion states that the financial statements fairly represent the financial position of CTG Franchise, LLC as of these dates. This opinion is based on accounting principles generally accepted in the United States of America.
Furthermore, subsequent events related to these financial statements have been evaluated through April 28, 2024, indicating that no significant adjustments were required up to that date. This date represents when the financial statements were available to be issued, providing a timeframe for potential events that could impact the reported financial position.