Who prepared the Crave Cookies financial statements?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
cument issuance date. | |
Draper, UT 84020 Phone: 801-750-0605 Fax: 801-326-4730
Independent Accountants' Audit Report
Crave Cookies Franchising, LLC Holladay, Utah
To the Members of Crave Cookies Franchising, LLC:
Opinion
We have audited the financial statements of Crave Cookies Franchising, LLC, which comprise the balance sheet as of December 31, 2024, and the related statements of income, members' equity, and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of Crave Cookies Franchising, LLC as of December 31, 2024 and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Crave Cookies Franchising, LLC, and to meet our other ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Crave Cookies Franchising, LLC's ability to continue as a going concern for one year after the date that the financial statements are issued.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the financial statements were audited by independent accountants. For the financial statement as of December 31, 2024, the Independent Accountants' Audit Report states that the financial statements of Crave Cookies Franchising, LLC, which include the balance sheet, statements of income, members' equity, and cash flows, were audited.
The report indicates that the accountants believe the financial statements present fairly the financial position of Crave Cookies Franchising, LLC as of December 31, 2024. The audit was conducted in accordance with auditing standards generally accepted in the United States of America (GAAS). The accountants confirmed they are independent of Crave Cookies Franchising, LLC and have met ethical requirements.
For the financial statements as of December 31, 2023 and 2022, the Independent Auditor's Report states that the financial statements of Crave Cookies Franchising, LLC, which comprise the balance sheets, statements of operations, members' deficit, and cash flows, were audited. For the financial statements as of December 31, 2022 and 2021, the Independent Auditor's Report states that the financial statements of Crave Cookies Franchising, LLC, which comprise the balance sheets, statements of operations, members' deficit, and cash flows, were audited.