Where can I find the Independent Auditor's Report in the Cinnaholic FDD?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
| Independent Auditor's Report | Page 1 - 2 |
|---|---|
| Balance Sheets | Page 3 |
| Statements of Operations and Members' (Deficit) | Page 4 |
| Statements of Cash Flows | Page 5 |
| Footnotes | Page 6 - 7 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to the 2025 Cinnaholic FDD, the Independent Auditor's Report can be found on pages 1-2 within Item 21, which covers the financial statements. This report is a crucial component of the financial statements, providing an unbiased opinion on the fairness and accuracy of Cinnaholic's financial position.
The Independent Auditor's Report includes the auditor's opinion on Cinnaholic Franchising, LLC’s financial statements, which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, changes in members' equity, and cash flows for the years then ended, along with related notes. The auditor, Muhammad Zubairy, CPA PC, states that the financial statements present fairly Cinnaholic's financial position as of December 31, 2024 and 2023, and the results of its operations and cash flows for those years, in accordance with accounting principles generally accepted in the United States of America.
The report also details the responsibilities of both Cinnaholic's management and the auditor. Management is responsible for preparing and fairly presenting the financial statements, while the auditor's responsibility is to express an opinion on those statements based on their audit. The auditor's report assures prospective franchisees that an independent expert has reviewed Cinnaholic's financials and found them to be fairly presented, offering a level of confidence in the financial information provided.
Prospective Cinnaholic franchisees should carefully review the Independent Auditor's Report, along with the rest of the financial statements, to gain a comprehensive understanding of the company's financial health and stability. This review can help in making an informed decision about investing in a Cinnaholic franchise.