Does the table provide any information about the audit firm that reviewed Budget's financial statements?
Budget Franchise · 2025 FDDAnswer from 2025 FDD Document
Deloitte & Touche LLP
30 Rockefeller Plaza New York, NY 10112 USA
Tel: +1 212 492 4000 Fax: +1 212 489 1687 www.deloitte.com
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Stockholders and the Board of Directors of Avis Budget Group, Inc. Parsippany, New Jersey
Opinion on the Financial Statements
We have audited the accompanying consolidated balance sheets of Avis Budget Group, Inc. and subsidiaries (the "Company") as of December 31, 2024 and 2023, the related consolidated statements of operations, comprehensive income, stockholders' equity, and cash flows for each of the three years in the period ended December 31, 2024, and the related notes and the schedule listed in the Index at Item 15 (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2024 and 2023, and the results of its operations and its cash flows for each of the three years in the period ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 79)
What This Means (2025 FDD)
According to Budget's 2025 Franchise Disclosure Document, the financial statements of Avis Budget Group, Inc. were audited by Deloitte & Touche LLP. Their address is 30 Rockefeller Plaza, New York, NY 10112 USA. Their contact information includes the phone number +1 212 492 4000 and fax number +1 212 489 1687, as well as their website www.deloitte.com.
This information is relevant to potential Budget franchisees because it identifies the independent accounting firm that has audited the financial statements of Avis Budget Group, Inc., which guarantees Budget's obligations. An independent audit provides assurance that the financial statements have been reviewed by qualified professionals and are presented fairly in accordance with accounting principles.
The audit firm's opinion indicates that the financial statements of Avis Budget Group, Inc. present fairly its financial position as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the three years ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America. This opinion is based on audits conducted in accordance with the standards of the Public Company Accounting Oversight Board (PCAOB).
The presence of an unqualified opinion from a reputable firm like Deloitte & Touche LLP can give prospective franchisees more confidence in the financial soundness of Avis Budget Group, Inc., which is important considering that Avis Budget Group, Inc. guarantees Budget's obligations under the license agreements.