What ethical responsibilities are the auditors required to meet in relation to their audit of Aira Fitness?
Aira_Fitness Franchise · 2025 FDDAnswer from 2025 FDD Document
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). 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 audits. 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 59–254)
What This Means (2025 FDD)
According to Aira Fitness's 2025 Franchise Disclosure Document, the independent accountant audit report outlines the ethical responsibilities required of the auditors. The auditors must adhere to auditing standards generally accepted in the United States of America (GAAS). These standards are used to describe the auditor's responsibilities during the audit of the financial statements.
Specifically, the auditors are required to be independent of Aira Fitness Franchising LLC and to meet other ethical responsibilities in accordance with the relevant ethical requirements relating to the audits. The auditors must obtain sufficient and appropriate audit evidence to provide a basis for their audit opinion.
These ethical and professional standards ensure that the audit is conducted with integrity, objectivity, and due professional care, providing a level of assurance to the management of Aira Fitness Franchising LLC and prospective franchisees regarding the reliability of the financial statements.