On which pages of the Cinnaholic FDD can I find the Independent Auditor's Report?
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 and 2. This report is a critical component of the financial statements, providing an unbiased opinion on the fairness and accuracy of Cinnaholic's financial records. Franchisees should carefully review this report to understand the financial health and stability of the franchisor.
The Independent Auditor's Report is prepared by an independent CPA, in this case, Muhammad Zubairy, CPA PC. This auditor examines Cinnaholic's balance sheets, statements of operations, and cash flows, ensuring they comply with generally accepted accounting principles (GAAP). The auditor's opinion confirms whether these financial statements present a fair view of Cinnaholic's financial position and performance.
Prospective franchisees should pay close attention to any qualifications or disclaimers within the report, as these could indicate potential financial risks or uncertainties. Understanding the auditor's perspective is essential for making an informed investment decision when considering a Cinnaholic franchise. Reviewing the specific details within the auditor's report will provide valuable insights into the financial management and overall fiscal responsibility of Cinnaholic Franchising, LLC.