What does the auditor believe regarding the audit evidence obtained for Crepe De Licious?
Crepe_De_Licious Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the financial statements of Crepe Delicious Holding USA, Inc. (a C Corporation), which comprise the balance sheets as of December 31, 2024 and December 31, 2023, and the related statements of income and retained earnings, and cash flows for the years 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 Crepe Delicious Holding USA, Inc. as of December 31, 2024 and December 31, 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
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 Audits of the Financial Statements section of our report. We are required to be independent of Crepe Delicious Holding USA, Inc. and to meet our other ethical responsibilities, in accordance with the relevant 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.
Source: Item 23 — RECEIPTS (FDD pages 57–233)
What This Means (2025 FDD)
According to Crepe De Licious's 2025 Franchise Disclosure Document, the auditor, Brock, Schechter & Polakoff, LLP, believes that the audit evidence they obtained is sufficient and appropriate to provide a basis for their audit opinion. This opinion is based on their audits of the financial statements of Crepe Delicious Holding USA, Inc., which include balance sheets as of December 31, 2024, and December 31, 2023, and related statements of income and retained earnings, and cash flows for the years then ended, along with related notes. The auditor's report is addressed to the Shareholder of Crepe Delicious Holding USA, Inc.
The auditor's opinion states that the financial statements of Crepe Delicious Holding USA, Inc. present fairly, in all material respects, the financial position as of December 31, 2024, and December 31, 2023, and the results of its operations and its cash flows for the years then ended, in accordance with accounting principles generally accepted in the United States of America. This indicates that the auditor has a high level of confidence in the accuracy and reliability of the financial statements provided by Crepe De Licious.
For a prospective Crepe De Licious franchisee, this independent auditor's report provides assurance that the financial information presented by the company has been thoroughly examined by an independent accounting firm and found to be fairly stated. This can be an important factor in making an informed investment decision, as it suggests that the financial data is reliable and can be used to assess the financial health and performance of Crepe De Licious.