Does the audit opinion for Crab N Spice Group cover the Statements of Shareholders' Equity?

According to Crab N Spice's 2024 Franchise Disclosure Document, the independent accountant's audit report does indeed cover the Statements of Shareholders' Equity. The audit encompassed the financial statements of Crab N Spice Group, specifically for the years ending December 31, 2023, December 31, 2022, and December 31, 2021.

The audit opinion explicitly states that it covers the Balance Sheet, Profit & Loss Statements, Statements of Cashflows, Statements of Shareholders' Equity, and related notes for the specified periods. This means that the auditor has reviewed these statements and has provided an opinion on whether they fairly present the financial position, results of operations, and cash flows of Crab N Spice Group in accordance with accounting principles generally accepted in the United States of America.

For a prospective franchisee, this is important because it provides assurance that the financial statements, including the Statements of Shareholders' Equity, have been examined by an independent accountant. This can give the franchisee more confidence in the accuracy and reliability of the financial information provided by Crab N Spice. The Statements of Shareholders' Equity provides details about the changes in the ownership structure of the company over the three year period.