What is the date of the audit report for Pearce Bespoke?
Pearce_Bespoke Franchise · 2025 FDDAnswer from 2025 FDD Document
Ft. Collins, Colorado May 15, 2025
Reese CPALIC
4
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Pearce Bespoke's 2025 Franchise Disclosure Document, the audit report is dated May 15, 2025. This date indicates when the auditor, Reese CPALIC, completed their examination of Pearce Bespoke Franchising, LLC's financial statements for the year ending December 31, 2024.
The audit report confirms that the auditor has reviewed the financial statements of Pearce Bespoke and provides an opinion on whether those statements fairly represent the company's financial position and performance. The audit was conducted according to generally accepted auditing standards (GAAS). The auditor's responsibilities include assessing the risks of material misstatement in the financial statements, evaluating the appropriateness of accounting policies, and concluding on the company's ability to continue as a going concern.
The presence of an independent audit report is a standard practice in franchising, providing potential franchisees with an added layer of confidence in the financial information presented by Pearce Bespoke. Prospective franchisees should carefully review the auditor's opinion and the full financial statements, including the notes, to gain a comprehensive understanding of Pearce Bespoke's financial health.