Who is the auditing firm for Craters & Freighters?
Craters_Freighters Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Wipfli LLP
Denver, Colorado April 10, 2024
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 49)
What This Means (2025 FDD)
According to the 2025 Craters & Freighters Franchise Disclosure Document, the independent auditing firm is Wipfli LLP, located in Denver, Colorado. Wipfli LLP performed the audit of Craters & Freighters' financial statements for the years ending December 31, 2024 and 2023. Their audit report, included in the FDD, expresses their opinion on the fairness and accuracy of the company's financial statements. The report was issued on April 10, 2024.
As part of their responsibilities, Wipfli LLP adheres to auditing standards generally accepted in the United States of America (GAAS). These standards require them to exercise professional judgment, assess the risks of material misstatement, and obtain an understanding of Craters & Freighters' internal controls. The goal is to provide reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error.
For a prospective Craters & Freighters franchisee, the engagement of an independent auditor like Wipfli LLP provides a level of confidence in the financial information presented in the FDD. This is because an independent firm has reviewed the financial statements and provided an objective opinion on their accuracy. Franchisees should still carefully review the audited financial statements and notes, and if needed, consult with their own financial advisors to fully understand the financial health of Craters & Freighters.