Is the interim balance sheet for Crisp & Green as of March 31, 2024, a complete audit?
Crisp_Green Franchise · 2024 FDDAnswer from 2024 FDD Document
franchisee organization associated with the System.
ITEM 21 FINANCIAL STATEMENTS
The audited financial statements for our fiscal years ended December 31, 2023, December 31, 2022, and December 31, 2021, are attached as Exhibit G to this disclosure document. Our fiscal year end is December 31. We are also attaching our interim balance sheet as of March 31, 2024.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 66)
What This Means (2024 FDD)
According to Crisp & Green's 2024 Franchise Disclosure Document, the interim balance sheet as of March 31, 2024, is not audited. The document explicitly states that the interim balance sheet is prepared without an audit.
This means that the financial information presented in the interim balance sheet has not been independently verified by a certified public accountant. Prospective franchisees should be aware that the figures in this statement have not received the same level of scrutiny and assurance as the audited financial statements for the fiscal years ended December 31, 2023, 2022, and 2021.
Given that the interim balance sheet is unaudited, potential franchisees should exercise caution and consider this when evaluating Crisp & Green's financial performance. It is advisable to consult with a financial advisor to review and interpret these unaudited figures in the context of the audited financial statements and other relevant information provided in the FDD. Prospective franchisees should also seek clarification from Crisp & Green regarding the processes and controls used to prepare the interim balance sheet.