What accounting principles were used in preparing the Canine Dimensions Franchising LLC financial statements, according to the auditor's opinion?

According to Canine Dimensions's 2025 Franchise Disclosure Document, the auditor's opinion states that the financial statements were prepared in conformity with accounting principles generally accepted in the United States of America. This indicates that Canine Dimensions adheres to standard and widely recognized accounting practices in its financial reporting.

For a prospective franchisee, this is important because it provides a level of assurance that the financial statements are prepared using established and consistent methods. These principles ensure that financial information is presented fairly and transparently, allowing potential investors and franchisees to make informed decisions.

The auditor's report also outlines the responsibilities of both the management and the auditor in ensuring the accuracy and reliability of these financial statements. 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. This division of responsibilities helps maintain the integrity of the financial reporting process.