As of April 27, 2024, which auditing firm performed the audit for Baya Bar?

According to Baya Bar's 2024 Franchise Disclosure Document, the independent auditor's report indicates that Reese CPALLC, located in Ft. Collins, Colorado, performed the audit for Baya Bar as of April 27, 2024. This audit included the balance sheets as of December 31, 2023, and 2022, and the related statements of operations, members' equity, and cash flows for the years ended December 31, 2023, 2022, and 2021. Reese CPALLC issued an opinion stating that the financial statements present fairly the financial position of Baya Bar Franchise System, LLC in accordance with accounting principles generally accepted in the United States of America.

The auditor's report outlines the responsibilities of both the management of Baya Bar and the auditor. Management is responsible for the preparation and fair presentation of the financial statements, while the auditor's responsibility is to express an opinion on these statements based on their audit. The audit was conducted in accordance with auditing standards generally accepted in the United States of America (GAAS), ensuring that the auditor remained independent and met ethical responsibilities.

For a potential Baya Bar franchisee, this information confirms that Baya Bar's financial statements have been independently audited by a qualified firm. This audit provides a level of assurance regarding the accuracy and reliability of the financial information presented in the FDD. Reviewing the auditor's opinion and the scope of the audit can help a franchisee assess the financial health and stability of Baya Bar. It is common practice for franchisors to include audited financial statements in their FDD to provide transparency and build trust with prospective franchisees.