What is the name of the report that contains the audited financial statements of Bevaris Alliance?
Bevaris_Alliance Franchise · 2024 FDDAnswer from 2024 FDD Document
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Schedule 1: The Trademarks
Application No. 90386707 for BEVARIS ALLIANCE
Application No. 90386714 for the below lion logo
TM – BEVARIS ALLIANCE™
EXHIBIT B FINANCIAL STATEMENTS
[To Be Attached]
Certified Public Accountant
5134 North Central Ave., Suite 104 Phoenix, Arizona 85012
INDEPENDENT AUDITOR'S REPORT
Office: (602) 265-1455 Fax: (602) 265-4033
To the Member Bevaris Alliance Franchise System, LLC
Opinion
We have audited the accompanying financial statements of Bevaris Alliance Franchise System, LLC (a Delaware limited liability company), which comprises the balance sheet as of December 31, 2023 and 2022, and the related statements of income (loss), changes in member's equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Bevaris Alliance Franchise System, LLC as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America.
Source: Item 23 — RECEIPT (FDD pages 22–88)
What This Means (2024 FDD)
According to Bevaris Alliance's 2024 Franchise Disclosure Document, the audited financial statements are included in a report titled "INDEPENDENT AUDITOR'S REPORT". This report includes the financial statements of Bevaris Alliance Franchise System, LLC, specifically the balance sheet as of December 31, 2023 and 2022, along with statements of income (loss), changes in member's equity, and cash flows for the years then ended, and related notes. The report confirms that the financial statements have been audited by a Certified Public Accountant.
The Independent Auditor's Report expresses the auditor's opinion on the fairness of the presentation of Bevaris Alliance's financial position, results of operations, and cash flows in accordance with accounting principles generally accepted in the United States of America. This opinion provides potential franchisees with assurance that the financial statements have been reviewed by an independent party and meet established accounting standards.
The report also details the auditor's responsibilities, including exercising professional judgment, assessing risks of material misstatement, understanding internal controls, and evaluating accounting policies. It states that the audit was conducted according to auditing standards generally accepted in the United States of America. This information helps a prospective franchisee understand the scope and nature of the audit performed on Bevaris Alliance's financial statements, offering transparency into the financial review process.