Who is the independent auditor for Crisp & Green Franchising LLC's financial statements?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
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YEARS ENDED DECEMBER 31, 2023, 2022, AND 2021
CRISP & GREEN FRANCHISING LLC TABLE OF CONTENTS YEARS ENDED DECEMBER 31, 2023, 2022, AND 2021
| INDEPENDENT AUDITORS' REPORT | 1 |
|---|---|
| FINANCIAL STATEMENTS | |
| BALANCE SHEETS | 3 |
| STATEMENTS OF OPERATIONS | 4 |
| STATEMENTS OF MEMBER'S EQUITY | 5 |
| STATEMENTS OF CASH FLOWS | 6 |
| NOTES TO FINANCIAL STATEMENTS | 7 |
CliftonLarsonAllen LLP CLAconnect.com
INDEPENDENT AUDITORS' REPORT
Member Crisp & Green Franchising LLC Wayzata, Minnesota
Report on the Audit of the Financial Statements Opinion
We have audited the accompanying financial statements of Crisp & Green Franchising LLC, which comprise the balance sheets as of December 31, 2023, 2022, and 2021 and the related statements of operations, member's equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Crisp & Green Franchising LLC as of December 31, 2023, 2022, and 2021, 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.
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 Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Crisp & Green Franchising LLC 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.
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 error.
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 Crisp & Green Franchising LLC's ability to continue as a going concern for one year after the date the financial statements are available to be issued.
Auditors' Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors' report that includes our opinion.
Source: Item 23 — RECEIPTS (FDD pages 66–252)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the independent auditor for Crisp & Green Franchising LLC is CliftonLarsonAllen LLP. Their report, included in the FDD, covers the financial statements as of December 31, 2023, 2022, and 2021, along with the related statements of operations, member's equity, and cash flows for those years. CliftonLarsonAllen LLP issued their report on April 29, 2024. Prospective franchisees can access the financial statements and the auditor's report within the FDD to evaluate the financial health and performance of Crisp & Green.
The auditor's report expresses an opinion on whether the financial statements present fairly the financial position of Crisp & Green Franchising LLC in accordance with accounting principles generally accepted in the United States of America. The report also outlines the responsibilities of both Crisp & Green's management and the auditors in the financial reporting process. Management is responsible for preparing the financial statements and maintaining internal controls, while the auditors are responsible for conducting the audit in accordance with auditing standards and providing an opinion on the fairness of the financial statements.
The inclusion of an independent auditor's report provides potential franchisees with an added level of confidence in the accuracy and reliability of the financial information presented in the FDD. This is a standard practice in franchising, as it ensures that the financial statements have been reviewed by an objective third party. The auditor's acknowledgment confirms their agreement to include their report in the Franchise Disclosure Document, further reinforcing the credibility of the financial information provided to prospective franchisees.
The address for CliftonLarsonAllen LLP is 10400 W Innovation Drive, Suite 300 Milwaukee, Wisconsin 53226. Their phone number is 414-721-7659, and their website is www.claconnect.com. This information allows prospective franchisees to verify the auditor's credentials and contact them directly if needed, although it's more common to address questions about the audit through the franchisor.