Who is the CPA responsible for the audit of Care Plus Medical Ucc?
Care_Plus_Medical_Ucc Franchise · 2024 FDDAnswer from 2024 FDD Document
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.
Omar Alnuaimi, CPA
Naperville, IL March 12, 2024
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 41)
What This Means (2024 FDD)
According to Care Plus Medical Ucc'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 report includes an opinion on the Balance Sheet as of December 31, 2023, and related notes for the period then ended, stating that the financial statements present fairly the financial position of Care Plus Medical Ucc.
The audit was conducted in accordance with auditing standards generally accepted in the United States of America (GAAS). These standards require independence from the company and adherence to ethical responsibilities. The auditor's report includes sections detailing the responsibilities of both the management and the auditor in relation to the financial statements.
The management is responsible for preparing and fairly presenting the financial statements, including internal controls. The auditor's responsibility is to obtain reasonable assurance that the financial statements are free of material misstatement, whether due to fraud or error, and to issue an auditor's report including their opinion. This involves exercising professional judgment, assessing risks, and evaluating accounting policies and estimates.
Prospective franchisees should note that the audit provides an independent opinion on the financial statements of Care Plus Medical Ucc as of a specific date. It is important to review the entire financial statements and accompanying notes, as well as seek professional financial advice, to fully understand the financial condition of the company.