factual

What is the date of the report regarding changes in the certifying accountant for Ledgers?

Ledgers Franchise · 2025 FDD

Answer from 2025 FDD Document

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit Number Description

16.1 Letter from KPMG LLP dated December 11, 2017. 99.1 Press Release dated December 11, 2017.

Source: Item 22 — CONTRACTS (FDD page 46)

What This Means (2025 FDD)

According to Ledgers' 2025 Franchise Disclosure Document, the report regarding changes in the certifying accountant, specifically a letter from KPMG LLP, is dated December 11, 2017. This information is part of Item 9.01, which lists financial statements and exhibits. Additionally, a press release announcing the resignation of KPMG as the company's independent registered public accounting firm is also dated December 11, 2017.

This indicates a change in Ledgers' accounting firm and could signal potential financial or operational adjustments. A prospective franchisee should be aware of such changes, as they might reflect on the company's past financial stability and reporting practices. It is important to investigate the reasons behind the change in accountants and any potential impact on the franchise system.

For a prospective Ledgers franchisee, this information highlights the importance of due diligence when reviewing the company's financial history. Understanding the reasons for the change in accounting firms and reviewing any related financial statements or disclosures can provide valuable insights into the company's financial health and management practices. Consulting with a financial advisor or legal professional is advisable to fully assess the implications of these changes.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.