Does Amorino reserve the right to have an independent audit done on an Amorino franchisee's books?
Amorino Franchise · 2025 FDDAnswer from 2025 FDD Document
Audit of Franchisee Records.
Amorino or its designated agent shall have the right to audit, examine and copy your books, records, accounts, and business tax returns at any time.
We also reserve the right to have an independent audit done on your books.
Source: Item 22 — CONTRACTS (FDD pages 80–81)
What This Means (2025 FDD)
According to Amorino's 2025 Franchise Disclosure Document, Amorino retains the right to conduct audits of a franchisee's financial records. Specifically, Amorino can have an independent audit performed on the franchisee's books.
This means that Amorino has the authority to hire an outside, independent firm to review a franchisee's financial records to ensure compliance with the franchise agreement and to verify the accuracy of reported financial data. This is in addition to Amorino's own right to audit, examine, and copy a franchisee's financial documents.
For a prospective franchisee, this implies that they must maintain accurate and transparent financial records, as these records may be subject to scrutiny by both Amorino and an independent auditor. The franchisee should be prepared to provide access to all relevant financial documents, including books, records, accounts, and business tax returns, if requested. The cost of an independent audit is not specified in the provided documentation.