Who audited the consolidated financial statements of City Wide Franchise Company, Inc. & Subsidiaries?
City_Wide Franchise · 2025 FDDAnswer from 2025 FDD Document
| We | have audited the consolidated | financial statements | of City Wide Franchise | Company, | Inc. & |
|---|---|---|---|---|---|
| Subsidiaries (“the Company”), which comprise the consolidated balance sheets as of December 31, 2024, | |||||
| 2023, | and 2022, and the related | consolidated statements | of income and | comprehensive | income, |
Source: Item 23 — RECEIPT (FDD pages 65–271)
What This Means (2025 FDD)
According to City Wide's 2025 Franchise Disclosure Document, the consolidated financial statements of City Wide Franchise Company, Inc. & Subsidiaries were audited. The FDD does not specify the name of the auditor.
Prospective franchisees should independently verify the auditor's identity and qualifications. Understanding who audits City Wide's financial statements can provide insight into the credibility and reliability of the financial information presented in the FDD. It is common practice for franchisors to have their financial statements audited by an independent certified public accounting firm.
Franchisees might consider asking City Wide for the name of the auditing firm and researching their reputation and experience. This information, while not included in the excerpt, is a crucial part of due diligence when evaluating a franchise opportunity.