What city and state is the auditing firm for Cinnaholic located in?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users made on the basis of these financial statements. In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Cinnaholic Franchising, LLC's internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about Cinnaholic Franchising, LLC's ability to continue as a going concern for a reasonable period of time.
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.
Muhammad Zubairy, CPA PC
Westbury, NY
April 28, 2025
CINNAHOLIC FRANCHISING LLC BALANCE SHEETS
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the auditing firm Muhammad Zubairy, CPA PC is located in Westbury, New York. This information is included at the end of the auditor's responsibilities section within the financial statements. Prospective franchisees may find this information useful for verifying the independence and location of the auditing firm that reviews Cinnaholic's financial records.
It is common practice for franchisors to have their financial statements audited by an independent CPA. The auditor's report, along with the financial statements, provides potential franchisees with an objective assessment of the franchisor's financial condition and performance. The location of the auditing firm may be relevant if a franchisee wishes to contact or research the firm further.
Franchisees should carefully review the auditor's report and the financial statements to understand Cinnaholic's financial health. They may also want to consult with a financial advisor to discuss the implications of the financial statements and the auditor's opinion.