As of what date was the auditor's report for Amerispec Inspection Services issued?
Amerispec_Inspection_Services Franchise · 2025 FDDAnswer from 2025 FDD Document
Independent Auditor's Report
Board of Managers TCB Services HoldCo, LLC and Subsidiaries Memphis, Tennessee
Opinion
We have audited the consolidated financial statements of TCB Services HoldCo, LLC and Subsidiaries (the "Company"), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of comprehensive loss, changes in members' equity, and cash flows for the year ended December 31, 2024 and period from March 31, 2023 to December 31, 2023, and the related notes to the consolidated financial statements.
In our opinion, the accompanying consolidated financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the year ended December 31, 2024 and period from March 31, 2023 to December 31, 2023 in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits 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 Consolidated 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.
Other-Matter
In our report dated April 29, 2024, we expressed an opinion that the 2023 consolidated financial statements did not fairly present the financial position, results of operations, and cash flows of the Company in accordance with accounting principles generally accepted in the United States of America because of the departure from such principles: the Company previously did not identify and analyze the value of intangible assets acquired separately from goodwill. As described in Note 2, the Company has changed its method of accounting for this item and restated its 2023 consolidated financial statements to conform with accounting principles generally accepted in the United States of America. Accordingly, our present opinion on the restated 2023 consolidated financial statements, as presented herein, is different from that expressed in our previous report.
Source: Item 23 — Receipts (FDD pages 47–172)
What This Means (2025 FDD)
According to the 2025 Amerispec Inspection Services Franchise Disclosure Document, the independent auditor's report for TCB Services HoldCo, LLC and Subsidiaries was issued with respect to the consolidated financial statements as of December 31, 2024 and 2023. The report covers the consolidated statements of comprehensive loss, changes in members' equity, and cash flows for the year ended December 31, 2024, and the period from March 31, 2023, to December 31, 2023, including related notes.
The auditor's opinion states that the consolidated financial statements present fairly the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and cash flows for the specified periods, in accordance with accounting principles generally accepted in the United States of America.
Additionally, the report mentions an "Other-Matter" regarding the 2023 consolidated financial statements. The original report, dated April 29, 2024, expressed an opinion that the 2023 statements did not fairly present the company's financial position due to a departure from accounting principles related to intangible assets. However, the company restated its 2023 consolidated financial statements to address this issue, and the auditor's present opinion on the restated statements differs from the previous report.