Is the annual financial statement of the Bombs Away Marketing Fund audited?

According to Bombs Away's 2024 Franchise Disclosure Document, the annual financial statement of the Marketing Fund is not audited. Bombs Away Franchising will prepare an unaudited annual financial statement within 120 days of the close of their fiscal year. This statement will be provided to the franchisee upon request.

This means that the financial information provided regarding the Marketing Fund's income and expenses has not been verified by an independent accounting firm. While Bombs Away is obligated to provide this statement, franchisees should be aware that the figures presented are based on the franchisor's internal accounting and have not undergone external scrutiny.

Prospective franchisees should consider the implications of receiving unaudited financial statements. It is advisable to carefully review the statement and potentially consult with a financial advisor to better understand the Marketing Fund's financial health and how contributions are being utilized. Franchisees might also want to inquire about the processes Bombs Away has in place to ensure the accuracy of the financial data reported in the unaudited statement.