What does the auditing firm believe regarding the audit evidence obtained for the Aw franchise?

According to Aw's 2025 Franchise Disclosure Document, the auditing firm Muhammad Zubairy, CPA PC, expressed an opinion on the financial statements of Rayyan Pizza Franchise LLC. Specifically, the firm believes that the audit evidence obtained is sufficient and appropriate to provide a basis for their audit opinion. This opinion indicates that the financial statements, which include balance sheets as of December 31, 2024 and 2023, statements of operations, changes in members' equity, and cash flows for the years then ended, present fairly the financial position, results of operations, and cash flows of Rayyan Pizza Franchise LLC in accordance with accounting principles generally accepted in the United States of America.

This "Basis for Opinion" section of the audit report confirms that the audit was conducted following auditing standards generally accepted in the United States of America (GAAS). The auditor is required to be independent of Rayyan Pizza Franchise LLC and to meet ethical responsibilities relevant to the audits. The statement that the audit evidence is "sufficient and appropriate" suggests that the firm has gathered enough reliable data to support its opinion on the fairness of the financial statements.

For a prospective Aw franchisee, this independent auditor's opinion provides a level of assurance regarding the financial health and reporting practices of the franchisor. It indicates that a qualified firm has reviewed the financial statements and found them to be presented fairly. However, it is important to remember that an audit provides reasonable, but not absolute, assurance. A potential franchisee should still carefully review the entire FDD and seek professional financial advice before making any investment decisions.