On what page of Crave's financial statements can I find the Report of Independent Auditors?
Crave Franchise · 2025 FDDAnswer from 2025 FDD Document
| Report of Independent Auditors | Page 1 |
|---|---|
| Balance Sheets | Page 3 |
| Statement of Operations | Page 4 |
| Statement of Changes in Equity | Page 5 |
| Statement of Cash Flows | Page 6 |
| Notes to the Financial Statements | Page 7 |
Source: Item 23 — RECEIPTS (FDD pages 63–253)
What This Means (2025 FDD)
According to Crave's 2025 Franchise Disclosure Document, the Report of Independent Auditors can be found on page 1 of the financial statements. The financial statements are an exhibit to the FDD. This report is crucial as it provides an independent opinion on the fairness and accuracy of Crave's financial statements, offering potential franchisees an unbiased view of the company's financial health.
The financial statements include several key documents, each located on a specific page. These include the Balance Sheets (page 3), Statement of Operations (page 4), Statement of Changes in Equity (page 5), Statement of Cash Flows (page 6), and Notes to the Financial Statements (page 7). These statements provide a comprehensive overview of Crave's financial performance and position over the past few years.
The Report of Independent Auditors is prepared by an external auditing firm, ensuring an objective assessment of Crave's financial practices. This report confirms whether the financial statements are presented fairly and in accordance with generally accepted accounting principles (GAAP). Franchisees should carefully review this report, along with the other financial statements and notes, to gain a thorough understanding of Crave's financial stability and performance history. Understanding these aspects can help in evaluating the risks and potential rewards of investing in a Crave franchise.