What is the name of the auditing firm that performed the audit for Burneys Sweets More?
Burneys_Sweets_More Franchise · 2025 FDDAnswer from 2025 FDD Document
Thompson, Price, Scott, Adams & Co., P.A. Post Office Box 1690 Bizabethtown, North Carolina 28337 Telephone (910) 862-8129 Fox (910) 862-8120 R. Bryon Scott, CPA Gregory S. Adams, CPA Alan W. Thompson, CPA
Independent Auditors' Report
To the Board of Directors and Shareholders of DMG Burney, Inc.
We have audited the accompanying financial statements of DMG Burney, Inc. (a North Carolina Corporation) which comprise of the balance sheets as of December 31, 2023 and 2022 and the related statements of income, retained earnings 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 DMG Burney, Inc. as of December 31, 2023 and 2022, and the results of its operations and its cash flows for each of the years then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits 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 DMG Burney, Inc. and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. 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 50–199)
What This Means (2025 FDD)
According to Burneys Sweets More's 2025 Franchise Disclosure Document, the auditing firm that performed the audit for DMG Burney, Inc. is Thompson, Price, Scott, Adams & Co., P.A. The auditor's report, included in the FDD, covers the financial statements of DMG Burney, Inc. for the years 2023 and 2022. The report confirms that the financial statements present fairly the financial position, results of operations, and cash flows of DMG Burney, Inc. in accordance with accounting principles generally accepted in the United States of America.
The audit was conducted following generally accepted auditing standards in the United States. These standards require the auditing firm to be independent of DMG Burney, Inc. and to meet ethical responsibilities. The auditors' responsibilities include obtaining reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error, and issuing an auditor's report that includes their opinion.
For a prospective Burneys Sweets More franchisee, this information confirms that an independent firm has reviewed the franchisor's financial records. This audit provides a level of assurance regarding the financial health and reporting practices of DMG Burney, Inc. and can help potential franchisees make informed decisions. The auditor's address is Post Office Box 1690 Bizabethtown, North Carolina 28337.