What is the date of the auditor's report for Spray Net's financial statements?
Spray_Net Franchise · 2025 FDDAnswer from 2025 FDD Document
The Company evaluates events that have occurred after the balance sheet date but before the financial statements are issued. Based upon the evaluation, the Company did not identify any recognized or non-recognized subsequent events that would have required further adjustment or disclosure in the financial statements. Subsequent events were evaluated though April 4, 2025 at which the financial statements were available to be issued.
Source: Item 23 — RECEIPTS (FDD pages 75–219)
What This Means (2025 FDD)
According to Spray Net's 2025 Franchise Disclosure Document, the auditor's report does not have a specific date. The report indicates that subsequent events were evaluated through April 4, 2025, at which point the financial statements were available to be issued.
While the auditor, Muhammad Zubairy, CPA PC, has audited the financial statements, the report itself does not explicitly state the date it was issued. Instead, it mentions the cutoff date for evaluating subsequent events that could affect the financial statements.
Prospective franchisees should note that the auditor's report confirms the financial statements' accuracy as of specific balance sheet dates (December 31, 2024, 2023, and 2022). However, for precise details on the auditor's report date, it would be prudent to directly confirm with Spray Net.