Are the Casiola financial statements audited?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
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)
According to the 2024 FDD, Casiola's financial statements have been audited by Metwally CPA PLLC. The Independent Auditor's Report states that Casiola's financial statements, which include the 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, have been audited.
The auditor's opinion is that the financial statements present fairly, in all material respects, the financial position of Casiola as of December 31, 2023, and the results of its operations and 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.
The audit was conducted in accordance with auditing standards generally accepted in the United States of America. The auditor's report describes the responsibilities of both Casiola's management and the auditor in relation to the financial statements, ensuring that they are free from material misstatement, whether due to fraud or error. This provides a level of assurance to potential franchisees that the financial information provided by Casiola has been independently verified.