What does the auditor evaluate regarding accounting policies used by Aw?

According to Aw's 2025 Franchise Disclosure Document, the auditor evaluates the appropriateness of the accounting policies used by the company. Additionally, the auditor assesses the reasonableness of significant accounting estimates made by management. The auditor also evaluates the overall presentation of the financial statements.

This evaluation is part of the auditor's broader responsibility to provide reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error. This includes exercising professional judgment and maintaining professional skepticism throughout the audit, as well as understanding internal controls relevant to the audit.

For a prospective Aw franchisee, this means that an independent accounting firm has reviewed Aw's financial statements and practices. This review includes assessing whether the accounting methods used are suitable and whether the estimates made by Aw's management are reasonable. This process aims to provide a level of confidence in the accuracy and reliability of the financial information presented in the FDD.