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Exhibit 15
Independent Accountant's Report
Shareholders
Frisch's Restaurants, Inc.
We have reviewed the accompanying consolidated balance sheet of Frisch's
Restaurants, Inc. (an Ohio Corporation) and subsidiaries as of December 10,
2000, and the related consolidated statements of earnings, shareholders' equity
and cash flows for the twenty-eight week period then ended. These financial
statements are the responsibility of the Company's management.
We conducted our review in accordance with standards established by the American
Institute of Certified Public Accountants. A review of interim financial
information consists principally of applying analytical procedures to financial
data and making inquiries of persons responsible for financial and accounting
matters. It is substantially less in scope than an audit conducted in accordance
with generally accepted auditing standards, the objective of which is the
expression of an opinion regarding the financial statements taken as a whole.
Accordingly, we do not express such an opinion.
Based on our review, we are not aware of any material modifications that should
be made to the accompanying financial statements for them to be in conformity
with generally accepted accounting principles.
We have previously audited, in accordance with generally accepted auditing
standards, the consolidated balance sheet as of May 28, 2000, and the related
consolidated statements of earnings, shareholders' equity and cash flows for the
year then ended and in our report dated July 6, 2000, we expressed an
unqualified opinion on those consolidated financial statements.
GRANT THORNTON LLP
Cincinnati, Ohio
January 5, 2001
