Who is the CPA responsible for auditing Bombs Away?

According to Bombs Away's 2024 Franchise Disclosure Document, the CPA responsible for auditing the company's financial statements is Omar Alnuaimi, CPA, located in Naperville, IL. The audit reports included in the FDD cover the financial statements for the years ending December 31, 2022 and December 31, 2023.

An independent accountant audit report is included with the financial statements. The report outlines the responsibilities of both the management of Bombs Away and the auditor. Management is responsible for the preparation and fair presentation of the financial statements, while the auditor's responsibility is to express an opinion on these statements based on their audit. The audit is conducted in accordance with auditing standards generally accepted in the United States of America.

The auditor's responsibility includes obtaining reasonable assurance that the financial statements are free from material misstatement. This involves assessing the risks of material misstatement, evaluating accounting policies, and assessing significant accounting estimates made by management. The auditor also considers internal controls relevant to the preparation of the financial statements but does not express an opinion on the effectiveness of these controls.

The audit reports for Bombs Away are typically signed shortly after the close of the fiscal year. For example, the audit report for the year ending December 31, 2023, is dated February 8, 2024. Prospective franchisees may want to review these audited financial statements and the accompanying notes to gain a better understanding of Bombs Away's financial condition and performance.