Who is the CPA firm that provided the opinion on All County's financial statements?
All_County Franchise · 2025 FDDAnswer from 2025 FDD Document
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, 2024, 2023, & 2022, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America
Joe Teston CPA Advisors St. Petersburg, Florida January 28, 2025
Joe Teston CPA Advisors
Source: Item 22 — Contracts (FDD page 43)
What This Means (2025 FDD)
According to All County's 2025 Franchise Disclosure Document, the financial statements for the years 2024, 2023, and 2022 were audited by Joe Teston CPA Advisors. Their report, included in the FDD, expresses an opinion on the fairness and accuracy of All County's financial position. The CPA firm is located in St. Petersburg, Florida, as indicated in the document. The report was issued on January 28, 2025.
This independent audit is a standard practice to provide assurance to potential franchisees regarding the financial health and stability of All County. The auditor's opinion confirms that the financial statements are presented fairly and in accordance with generally accepted accounting principles in the United States of America. This process involves the CPA firm performing procedures to obtain audit evidence, assessing risks of material misstatement, and evaluating accounting policies and estimates made by management.
Prospective franchisees should review the full auditor's report and the accompanying financial statements carefully to understand All County's financial performance and position. Understanding the CPA firm's role and opinion can help a franchisee assess the franchisor's financial stability and make informed decisions. It is also prudent to consult with a financial advisor to discuss the implications of the audit report and financial statements for your investment.