What is the date of the supplementary information review for Endless Summer Sweets?
Endless_Summer_Sweets Franchise · 2024 FDDAnswer from 2024 FDD Document
The supplementary information included in Schedule I is presented for purposes of additional analysis and is not a required part of the basic financial statements. Such information is the responsibility of management and was derived from, and relates directly to, the underlying accounting and other records used to prepare the financial statements. The supplementary information has been subjected to the review procedures applied in our review of the basic financial statements. We are not aware of any material modifications that should be made to the supplementary information. We have not audited the supplementary information and do not express an opinion on such information.
Gautam Kumar, President, CPA
Canoga Park, CA
March 20, 2024
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 38)
What This Means (2024 FDD)
According to Endless Summer Sweets' 2024 Franchise Disclosure Document, the supplementary information included in Schedule I was subjected to review procedures. The review determined that the firm was not aware of any material modifications that should be made to the supplementary information. The supplementary information has not been audited, and no opinion is expressed on it.
The supplementary information review was conducted as part of the audit of Endless Summer Sweets' financial statements for the period from March 9, 2023, to December 31, 2023. The date of the review is indicated by the date on the Independent Auditor's Report, which is March 20, 2024.
This date is important for prospective franchisees because it indicates how recent the financial data is. Franchisees should consider this date in conjunction with other information in the FDD to assess the financial health and stability of Endless Summer Sweets.