How frequently are the financial statements for Bee Organized audited?
Bee_Organized Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying financial statements of Bee Organized Enterprises, LLC (a for profit organization), which comprise the statements of financial position as of December 31, 2024, 2023, and 2022 and the related statements of activities and cash flows for the years then ended, and the related notes to financial statements.
In our opinion, the financial statements referred to above present fairly, in all material aspects, the financial position of Bee Organized Enterprises, LLC as of December 31, 2024, 2023 and 2022 and the changes in its net assets and its cash flow for the years then ended in accordance with accounting principles generally accepted in the Unites States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 54)
What This Means (2025 FDD)
According to Bee Organized's 2025 Franchise Disclosure Document, the company's financial statements are audited annually. The provided audit report includes the statements of financial position as of December 31 for the years 2024, 2023, and 2022, along with the related statements of activities and cash flows for those years. This indicates that Bee Organized undergoes an annual audit of its financial records.
The audit was conducted by Karlin & Long, LLC, Certified Public Accountants, and their opinion states that the financial statements present fairly the financial position of Bee Organized Enterprises, LLC as of December 31, 2024, 2023 and 2022. The auditors followed generally accepted auditing standards in the United States of America, ensuring that the audit evidence obtained was sufficient and appropriate to provide a basis for their opinion.
For a potential franchisee, this regular auditing of Bee Organized's financial statements is a positive sign. It suggests that the company is committed to financial transparency and accountability. The audit provides an independent assessment of the company's financial health, which can help franchisees make informed decisions. It is common practice for franchisors to have their financial statements audited annually to ensure accuracy and compliance with accounting standards.