What does the auditing firm believe regarding the audit evidence they obtained for Aerus?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, the auditing firm provided an opinion on the company's financial statements. The firm states they believe the audit evidence they obtained is sufficient and appropriate to provide a basis for their audit opinion. This opinion confirms that the financial statements of Aerus Franchising, LLC, as of December 31, 2024 and 2023, and the related statements of income, members' equity, and cash flows for each of the three years in the period ended December 31, 2024, are presented fairly in all material respects, in accordance with accounting principles generally accepted in the United States of America.
This "clean" opinion from the auditors is a positive signal for prospective franchisees. It indicates that the financial statements are reliable and transparent, which can help franchisees make informed decisions. The audit was conducted according to generally accepted auditing standards in the United States of America, which provides further assurance of its quality and objectivity.
However, it is important to note that an audit provides reasonable assurance, but it is not a guarantee that the financial statements are completely free from material misstatement. The auditors' responsibilities include exercising professional judgment, assessing risks of material misstatement, and evaluating the appropriateness of accounting policies. While the auditors believe the evidence they obtained is sufficient, franchisees should still carefully review the financial statements and consider seeking professional advice to fully understand the financial health of Aerus.