Does the Casiola FDD include audited financial statements?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
Metwally CPA PLLC
CERTIFIED PUBLIC ACCOUNTANT
1312 Norwood Dr STE 100, Bedford, Texas 76022
Cell: 214-200-5434 (Mohamed Metwally) Mmetwally@metwallycpa.com
Independent Auditor's Report
To the Members of Casiola Franchise, LLC Orlando, Florida
Opinion
We have audited the accompanying financial statements of Casiola Franchise, LLC (the "Company"), which comprise the balance sheet as of December 31, 2023 and the related statements of operations, members' equity (deficit), and cash flows for the period from January 6, 2023 to December 31, 2023 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 Casiola Franchise, LLC as of December 31, 2023 and the results of its operations and its cash flows for the period from January 6, 2023 to December 31, 2023 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 Casiola Franchise, LLC 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 21 — FINANCIAL STATEMENTS (FDD pages 46–47)
What This Means (2024 FDD)
Yes, the 2024 Casiola FDD includes audited financial statements. The FDD contains an Independent Auditor's Report from Metwally CPA PLLC, a certified public accountant, regarding Casiola Franchise, LLC. The auditor's report expresses an opinion on the fairness of Casiola's financial statements as of December 31, 2023, and for the period from January 6, 2023, to December 31, 2023, 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 of America. These standards require the auditor to be independent and to fulfill ethical responsibilities. The auditor believes the evidence obtained is sufficient and appropriate to support the audit opinion. The audit included evaluating the appropriateness of accounting policies, the reasonableness of significant estimates made by management, and the overall presentation of the financial statements.
The financial statements include a balance sheet as of December 31, 2023, and related statements of operations, members' equity (deficit), and cash flows for the period from January 6, 2023 to December 31, 2023, along with accompanying notes. These notes are integral to understanding the financial statements and include information about the company's nature of operations, significant accounting policies, cash and cash equivalents, related party transactions, and revenue from contracts with customers.