What is the date of the auditor's report for Golden Krust Caribbean Restaurant?
Golden_Krust_Caribbean_Restaurant Franchise · 2024 FDDAnswer from 2024 FDD Document
The consolidated financial statements of Golden Krust Franchising, Inc. as of December 31, 2021, were audited by other auditors whose report dated June 8, 2022 expressed an unmodified opinion on those statements. Our report is not modified with respect to this matter.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2024 FDD)
The 2024 Franchise Disclosure Document for Golden Krust Caribbean Restaurant includes two auditor's reports. The first report relates to the financial statements as of December 31, 2023 and 2022.
The second auditor's report included in the 2024 FDD relates to the financial statements as of December 31, 2022. The report, issued by CliftonLarsonAllen LLP, states that other auditors issued a report dated June 8, 2022, which expressed an unmodified opinion on the statements for December 31, 2021.
Prospective franchisees should note that the FDD includes financial statements audited by an independent firm. Reviewing these statements and understanding the auditor's opinion is a standard part of assessing the financial health of a franchise system. Franchisees may want to consult with a financial advisor to fully understand the implications of the auditor's report.