What specific financial statements of Canine Dimensions Franchising LLC were audited?
Canine_Dimensions Franchise · 2025 FDDAnswer from 2025 FDD Document
I have audited the accompanying financial statements of CANINE DIMENSIONS FRANCHISING LLC, which comprise the balance sheet as of December 31, 2024 and 2023, and the related statements of revenues, expenses, and changes in member's equity and cash flows for the years then ended, and the related notes to the financial statements.
In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of CANINE DIMENSIONS FRANCHISING LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in conformity with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 35)
What This Means (2025 FDD)
According to Canine Dimensions' 2025 Franchise Disclosure Document, the financial statements audited include the balance sheets, statements of revenues, expenses, changes in member's equity, and cash flows.
The independent auditor's report indicates that these financial statements were audited for the years ending December 31, 2024, and 2023. The auditor's opinion states that the financial statements present fairly the financial position of Canine Dimensions as of these dates, as well as the results of its operations and cash flows for the corresponding years, in conformity with accounting principles generally accepted in the United States of America.
Prospective franchisees should understand that audited financial statements provide a higher level of assurance regarding the accuracy and reliability of the financial information presented. This can help in making informed decisions about investing in a Canine Dimensions franchise. The audit was conducted according to generally accepted auditing standards, which include assessing the risks of material misstatement and evaluating the appropriateness of accounting policies and estimates made by management.