What is the date of the auditor's report for Hck Hot Chicken?
Hck_Hot_Chicken Franchise · 2025 FDDAnswer from 2025 FDD Document
Subsequent events have been reviewed by management as of February 14, 2024, the date the audit report was made available. No events requiring disclosure have been noted.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Hck Hot Chicken's 2025 Franchise Disclosure Document, the auditor's report was made available on February 14, 2024. Management reviewed subsequent events up to this date, and no events requiring disclosure were noted. This date is important because it signifies the cutoff for including financial information in the audited statements.
For a prospective franchisee, this date indicates how current the financial information is. The auditor's report provides an independent opinion on the fairness of the financial statements as of December 31, 2024 and 2023. The subsequent events review ensures that any significant events occurring after the balance sheet date but before the report's release are also considered.
It is typical for franchisors to include audited financial statements in their FDD, providing potential franchisees with a level of assurance regarding the franchisor's financial health. The auditor's report date is a key piece of information for assessing the timeliness and relevance of these financial statements. Franchisees should review these statements and the auditor's opinion carefully to understand the financial condition of Hck Hot Chicken.