What does the auditing firm believe regarding the audit evidence they obtained for Beehive Homes?
Beehive_Homes Franchise · 2025 FDDAnswer from 2025 FDD Document
We conducted our audits 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 Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Bee Hive Homes, Inc. and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 23 — RECEIPTS (FDD pages 34–123)
What This Means (2025 FDD)
According to Beehive Homes' 2025 Franchise Disclosure Document, the auditing firm, Harrie CPAs P.C., believes that the audit evidence they obtained is sufficient and appropriate to provide a basis for their audit opinion. This statement is part of their independent auditor's report. The report includes Beehive Homes' balance sheets as of December 31, 2024, 2023, and 2022, along with related statements of income, changes in shareholder's deficit, and cash flows for the years then ended, and related notes.
The auditors conducted their audits in accordance with auditing standards generally accepted in the United States of America (GAAS). These standards require the auditors to be independent of Beehive Homes and to meet ethical responsibilities relevant to the audits. The auditor's report includes their opinion on Beehive Homes' financial statements.
For a prospective franchisee, this indicates that an independent firm has reviewed Beehive Homes' financial records and believes they have obtained enough reliable evidence to form an opinion on the fairness of the company's financial presentation. This opinion provides a level of assurance, though not an absolute guarantee, about the accuracy of the financial statements. Franchisees should review the full audited financial statements and notes to understand the scope and limitations of the audit, and to assess Beehive Homes' financial health.