Who is the CPA that performed the audit for Chocolate Fish Coffee?
Chocolate_Fish_Coffee Franchise · 2024 FDDAnswer from 2024 FDD Document
Omar Alnuaimi, CPA
Naperville, IL March 1, 2024
924 W. 75th Street Suite 120 - 189 Naperville, IL 60565 +1 (815) 348-2421 omar@napercpa.com
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 41)
What This Means (2024 FDD)
According to Chocolate Fish Coffee's 2024 Franchise Disclosure Document, the CPA that performed the audit is Omar Alnuaimi. The audit report is dated March 1, 2024, and Mr. Alnuaimi is located in Naperville, IL. His email address is omar@napercpa.com, and his phone number is +1 (815) 348-2421. His office is located at 924 W. 75th Street Suite 120 - 189 Naperville, IL 60565.
Prospective franchisees should note that the financial statements include an Independent Accountant's Audit Report. This report expresses an opinion on the fairness of the presentation of Chocolate Fish Coffee's financial position as of December 31, 2023. The audit was conducted in accordance with auditing standards generally accepted in the United States of America.
The auditor's responsibilities include obtaining reasonable assurance about whether the financial statements are free of material misstatement. However, it's important to understand that reasonable assurance is not absolute, and there is always a risk that a material misstatement may not be detected. The auditor also evaluates the appropriateness of accounting policies and the reasonableness of significant accounting estimates made by management.
As Chocolate Fish Coffee has not been in business for three years or more, the FDD includes the audited opening balance sheet dated December 31, 2023, as Exhibit D. This is in accordance with the Franchise Rule of the Federal Trade Commission, which has specific requirements for financial statements in franchise disclosures.