What does the auditing firm believe regarding the audit evidence they obtained for Bevaris Alliance?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
We conducted our audit in accordance with auditing standards generally accepted in the United States of America. 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 Bevaris Alliance Franchise System, LLC and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to the 2024 FDD, the auditing firm, Josepha Martin, CPA, PC, stated that they believe the audit evidence they obtained is sufficient and appropriate to provide a basis for their audit opinion on Bevaris Alliance's financial statements.
The audit was conducted following generally accepted auditing standards in the United States. These standards require the auditors to be independent of Bevaris Alliance and to fulfill ethical responsibilities relevant to the audit. The firm's opinion confirms that the financial statements of Bevaris Alliance present fairly, in all material respects, the company's financial position as of December 31, 2023 and 2022, as well as the results of its operations and cash flows for those years, in accordance with accounting principles generally accepted in the United States of America.
This statement is important for prospective franchisees as it provides assurance that an independent firm has reviewed Bevaris Alliance's financial records and found them to be fairly presented. This can give franchisees confidence in the financial stability and transparency of the franchise system.