Has the interim balance sheet for Crisp & Green been audited?

According to Crisp & Green's 2024 Franchise Disclosure Document, the interim balance sheet as of March 31, 2024, was prepared without an audit. The FDD explicitly advises prospective franchisees that no certified public accountant has audited these figures or expressed an opinion on their content or form. This means that the financial information presented in the interim balance sheet has not been independently verified for accuracy or compliance with accounting standards.

Crisp & Green includes audited financial statements for the fiscal years ended December 31, 2023, 2022, and 2021, as an exhibit to the disclosure document. These audited statements provide a more reliable view of the company's financial performance over the past three years, as they have been reviewed and certified by an independent auditor, CliftonLarsonAllen LLP. The auditors' report confirms that the financial statements present fairly the financial position of Crisp & Green Franchising LLC as of those dates, in accordance with accounting principles generally accepted in the United States of America.

The absence of an audit for the interim balance sheet means that prospective franchisees should exercise caution when reviewing this particular financial statement. While it provides a more recent snapshot of the company's financials, it has not undergone the same level of scrutiny as the audited statements. It is common practice for franchisors to provide unaudited interim financial statements, as the cost and time required for an audit can be significant. However, this places a greater responsibility on the franchisee to carefully evaluate the information and seek professional advice if needed.

Given that the interim balance sheet is unaudited, potential franchisees should focus on the audited financial statements for a more reliable assessment of Crisp & Green's financial health. They may also want to ask Crisp & Green for more detailed explanations or supporting documentation for the figures presented in the interim balance sheet. Consulting with a financial advisor or accountant is highly recommended to fully understand the financial implications of investing in a Crisp & Green franchise.