What is the auditor's opinion on the effectiveness of Augusta Lawn Care's internal control?
Augusta_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
924 W. 75th Street Suite 120 - 189 Naperville, IL 60565 +1 (815) 348-2421 omar@napercpa.com
INDEPENDENT ACCOUNTANT AUDIT REPORT
To the Management of AUGUSTA FRANCHISE LLC
Opinion
We have audited the financial statements of AUGUSTA FRANCHISE LLC (the "Company"), which comprise the Balance Sheet as of December 31, 2024 & December 31, 2023 & December 31, 2022, the related Profit & Loss Statements, the related Statements of Cashflows, the related Statements of Shareholders' Equity, and the related notes for the twelve-month periods then ended. (collectively referred to as the "financial statements").
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024 & December 31, 2023 & December 31, 2022, and the results of its operations and its cash flows for the twelve-month periods then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
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 Respons
Source: Item 23 — RECEIPTS (FDD pages 44–184)
What This Means (2025 FDD)
According to the 2025 FDD, the auditor, in their independent accountant audit report, provides an opinion on the financial statements of Augusta Lawn Care. The audit encompassed the balance sheets as of December 31, 2024, December 31, 2023, and December 31, 2022, along with related profit and loss statements, statements of cash flows, statements of shareholders' equity, and notes for the twelve-month periods then ended.
The auditor's opinion states that the financial statements present fairly, in all material respects, the financial position of Augusta Lawn Care as of December 31, 2024, December 31, 2023, and December 31, 2022. They also believe the results of its operations and cash flows for the twelve-month periods then ended are in accordance with accounting principles generally accepted in the United States of America.
The audit was conducted following auditing standards generally accepted in the United States of America (GAAS). The auditor's responsibilities under those standards are further described in the Auditor's Respons. However, the excerpt does not provide details on the effectiveness of the company's internal control.