Where can I find the Independent Auditor's Report in the Face Foundrie financial statements?
Face_Foundrie Franchise · 2025 FDDAnswer from 2025 FDD Document
| Independent auditor's report | 3 |
|---|---|
| Balance sheets | 5 |
| Statements of operations | 6 |
| Statements of member's deficit | 7 |
| Statements of cash flows | 8 |
| Notes to the financial statements | 9 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 73)
What This Means (2025 FDD)
According to Face Foundrie's 2025 Franchise Disclosure Document, the Independent Auditor's Report can be found on page 3 of Exhibit E, which contains the financial statements for the fiscal years ended December 31, 2024, 2023, and 2022. Kezos & Dunlavy, LLC issued the report on April 16, 2025. Their consent to use the report in the Franchise Disclosure Document is dated April 18, 2025.
The Independent Auditor's Report includes an opinion on Face Foundrie Franchising LLC's financial statements, stating that they present fairly the company's financial position as of December 31, 2024, 2023, and 2022. The report also covers the results of operations and cash flows for those years, in accordance with accounting principles generally accepted in the United States of America.
The report outlines the responsibilities of both Face Foundrie's management and the auditor. Management is responsible for preparing the financial statements and maintaining internal controls, while the auditor's responsibility is to express an opinion on the financial statements based on their audit. The audit was conducted in accordance with auditing standards generally accepted in the United States of America. The use of the report is restricted to inclusion within the Face Foundrie Franchise Disclosure Document and is not intended for any other use.