As of what date are the audited consolidated financial statements for Focus Cfo presented?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
of Changes in Members' Equity | 7 | | Consolidated Statements of Cash Flows | | | Notes to Consolidated Financial Statements | |
INDEPENDENT AUDITOR'S REPORT
To the Members Focus CFO Group, LLC Columbus, Ohio
Opinion
We have audited the accompanying consolidated balance sheets of Focus CFO Group, LLC and Subsidiary (the Company) (a Limited Liability Company) as of December 31, 2024 and 2023, and the related consolidated statements of income, members' equity, and cash flows for the three years ended December 31, 2024, 2023, and 2022, and the related notes to the consolidated financial statements.
Source: Item 21 — Financial Statements (FDD page 37)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the audited consolidated balance sheets are presented as of December 31, 2024, and 2023. The related consolidated statements of income, members' equity, and cash flows are for the three years ended December 31, 2024, 2023, and 2022. This provides a three-year financial overview of the company's performance.
The independent auditor's report, included in the FDD, expresses an opinion on these financial statements, indicating they fairly represent the financial position of Focus CFO Group, LLC and its subsidiary as of the specified dates. The auditor's report is dated April 10, 2025, indicating when the audit was completed.
Prospective franchisees should carefully review these financial statements and the auditor's opinion to understand Focus Cfo's financial health and performance over the past three years. Understanding the company's financial statements is crucial for making an informed investment decision.