What ethical responsibilities are the auditors required to meet in relation to their audit of Aerus?

According to Aerus's 2025 Franchise Disclosure Document, the auditors who review Aerus's financial statements must adhere to specific ethical responsibilities. The auditors are required to be independent of the company and fulfill their ethical duties in accordance with the relevant ethical standards that pertain to their audit. This requirement ensures that the audit is conducted with objectivity and integrity.

In conducting their audit, the auditors must follow generally accepted auditing standards in the United States of America. These standards outline the procedures and practices necessary to perform a thorough and reliable audit. The auditors' responsibilities include obtaining reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error, and issuing an auditor's report that includes their opinion on the financial statements.

The auditors are also tasked with exercising professional judgment and maintaining professional skepticism throughout the audit. This involves critically assessing the information provided by Aerus, identifying potential risks of material misstatement, and designing audit procedures to address those risks. They must also evaluate the appropriateness of the accounting policies used by Aerus and the reasonableness of significant accounting estimates made by management. Furthermore, the auditors are required to communicate with those charged with governance regarding the scope and timing of the audit, significant audit findings, and any internal control-related matters identified during the audit.