What is the name of the auditing firm for Afuri Ramen Dumpling?
Afuri_Ramen_Dumpling Franchise · 2024 FDDAnswer from 2024 FDD Document
SKY ACCOUNTANCY CORPORATION
INDEPENDENT AUDITORS' REPORT
To the Board of Directors and Shareholder of Afuri Franchise, Inc.
Opinion
We have audited the accompanying financial statements of Afuri Franchise, Inc. (the "Company"), which comprise the balance sheet as of December 31, 2022, and the related statements of operations, changes in stockholder's equity, and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, 2022, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP").
Source: Item 23 — Receipts (FDD pages 50–189)
What This Means (2024 FDD)
According to Afuri Ramen Dumpling's 2024 Franchise Disclosure Document, the auditing firm for the company was SKY Accountancy Corporation for the 2022 and 2023 financial years. Additionally, yshcpa.com was the auditing firm for the financial years 2020 and 2021.
It is standard practice for franchise companies to have their financial statements audited by an independent firm. This provides potential franchisees with an unbiased opinion on the company's financial health. The independent auditor's report confirms that the financial statements are presented fairly and in accordance with accounting principles generally accepted in the United States of America.
A prospective Afuri Ramen Dumpling franchisee should consider the auditor's opinion when evaluating the financial stability of the company. If there were any qualifications or concerns raised by the auditor, it would be important to understand the implications before investing in a franchise. Reviewing the auditor's reports for multiple years can also provide insights into the consistency and reliability of the company's financial reporting.