What does the auditing firm believe regarding the audit evidence they obtained for Crave Cookies?

According to Crave Cookies' 2025 Franchise Disclosure Document, the auditing firm, Mellor and Associates, PLLC, believes that the audit evidence they obtained is sufficient and appropriate to provide a basis for their audit opinion. This statement appears in the Independent Auditor's Report included within the financial statements. This opinion is based on audits conducted in accordance with auditing standards generally accepted in the United States of America (GAAS).

For a prospective Crave Cookies franchisee, this indicates that an independent firm has reviewed the financial records of the franchisor and found the evidence to be a reasonable basis for their opinion on the company's financial statements. This suggests that the financial statements are fairly presented and reliable, at least according to the auditing firm.

It is important to note that while the auditors believe the evidence is sufficient, they also state that their audit provides 'reasonable assurance' but is 'not absolute assurance'. This means there is still a risk that material misstatements, especially those resulting from fraud, may not be detected. Therefore, while this is a positive finding, franchisees should still conduct their own due diligence and potentially seek independent financial advice.