What costs are included if an Afuri Ramen Dumpling franchisee is responsible for audit costs?

Based on the 2024 Franchise Disclosure Document, the excerpts provided do not specify the exact costs included if an Afuri Ramen Dumpling franchisee is responsible for audit costs. However, the FDD does include independent auditor reports related to Afuri Franchise, Inc.'s financial statements. These reports cover the balance sheets, statements of operations, stockholder's equity, and cash flows.

While the FDD excerpts detail the company's accounting practices and financial reporting, they do not break down the potential expenses a franchisee might incur related to audits. The independent auditor's report included in the document outlines the responsibilities of both the management and the auditors in preparing and auditing the financial statements, but it does not list specific costs.

To fully understand the potential audit-related expenses, a prospective Afuri Ramen Dumpling franchisee should directly ask the franchisor for a comprehensive list of potential audit costs. This inquiry should clarify what triggers an audit, who selects the auditor, and what specific expenses the franchisee would be responsible for covering. Understanding these costs is crucial for accurate financial planning.