Are the Crave Cookies Statements of Cash Flows audited?
Crave_Cookies Franchise · 2025 FDDAnswer from 2025 FDD Document
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.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 47)
What This Means (2025 FDD)
According to Crave Cookies' 2025 Franchise Disclosure Document, the company's statements of cash flows are indeed audited. The FDD includes reports from independent auditors who have examined Crave Cookies' financial statements, which include the statements of cash flows.
The presence of an independent auditor's report indicates that a qualified firm has reviewed Crave Cookies' financial records and provided an opinion on whether they fairly represent the company's financial position and cash flows. This audit is conducted in accordance with generally accepted auditing standards (GAAS) to ensure a high level of reliability and accuracy.
For a prospective franchisee, this is a positive sign, as it suggests that Crave Cookies maintains transparent and accountable financial practices. The audit reports for the years 2021, 2022, 2023 and 2024 provide an additional level of assurance regarding the financial health and stability of the franchise system. Franchisees can review these audited statements to gain a better understanding of the franchisor's financial performance and how it manages its cash flows.