As of what date were the auditor's responsibilities for the audit of Monicals Pizza's consolidated financial statements determined?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company has evaluated subsequent events occurring through March 28, 2025, the date the consolidated financial statements were available to be issued for events requiring recording or disclosure in the Company's financial statements.
Source: Item 23 — RECEIPTS (FDD pages 46–257)
What This Means (2025 FDD)
According to Monicals Pizza's 2025 Franchise Disclosure Document, the responsibilities of the auditors for the audit of the consolidated financial statements were determined as of March 28, 2025. This is the date through which the company evaluated subsequent events for recording or disclosure in their financial statements.
This date is significant because it represents the cutoff point for incorporating information about events that occurred after the balance sheet date (December 31, 2024) but before the financial statements were issued. These events could materially affect the financial position or results of operations of Monicals Pizza.
For a prospective franchisee, this indicates the recency and thoroughness of the financial review. The auditor, Baker Tilly US, LLP, considered events up to March 28, 2025, ensuring that the financial statements reflect the most current information available at the time of their release. This provides a level of assurance regarding the accuracy and reliability of the financial information presented in the FDD.