Which item in the Monicals Pizza Disclosure Document discusses inspections and audits?
Monicals_Pizza Franchise · 2025 FDDAnswer from 2025 FDD Document
[Item 23: RECEIPTS]
MONICAL PIZZA CORPORATION FINANCIAL STATEMENTS
EXHIBIT F TO THE DISCLOSURE DOCUMENT
AUDITOR'S CONSENT
Baker Tilly US, LLP consents to the use in the Franchise Disclosure Document issued by Monical Pizza Corporation and Subsidiaries ("Franchisor") on April 24, 2025, as it may be amended, of our reports dated March 28, 2025 and March 22, 2024, relating to the financial statements of Franchisor for the periods ending December 31, 2024, 2023 and 2022. We understand that the Franchise Disclosure Document will be filed with various state authorities and delivered to prospective franchisees.
BAKER TILLY US, LLP
April 24, 2025
Independent Auditors' Report
To the Stockholders and Board of Directors of Monical Pizza Corporation and Subsidiaries
Opinion
We have audited the consolidated financial statements of Monical Pizza Corporation and Subsidiaries (the Company), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of income, owners' equity and cash flows for the years then ended, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
Source: Item 9 — FRANCHISEE'S OBLIGATIONS (FDD pages 18–20)
What This Means (2025 FDD)
Based on the 2025 Monicals Pizza Franchise Disclosure Document, there is no specific item that explicitly discusses inspections and audits. However, Item 23 includes the financial statements and auditor's consent and report. These items relate to the audit of Monicals Pizza's financial records.
While the provided excerpts do not detail the specifics of operational inspections, the presence of auditor's reports suggests that Monicals Pizza undergoes regular financial audits. These audits are conducted by independent accounting firms to ensure the accuracy and reliability of the company's financial statements.
A prospective franchisee should inquire directly with Monicals Pizza about the details of any inspections or audits conducted, including their frequency, scope, and potential impact on franchise operations. Understanding these processes is crucial for assessing the level of oversight and support provided by the franchisor.