What services are NOT provided by Baker Tilly US, LLP to Counselor Realty?
Counselor_Realty Franchise · 2025 FDDAnswer from 2025 FDD Document
Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are members of the global network of Baker Tilly International Ltd., the members of which are separate and independent legal entities. Baker Tilly US, LLP is a licensed CPA firm that provides assurance services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services to their clients and are not licensed CPA firms.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 32)
What This Means (2025 FDD)
According to Counselor Realty's 2025 Franchise Disclosure Document, Baker Tilly US, LLP provides assurance services, as they are a licensed CPA firm. However, Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and consulting services and are not licensed CPA firms.
Specifically, the document states that Baker Tilly US, LLP's objectives include obtaining reasonable assurance that the financial statements are free from material misstatement, issuing an auditor's report with their opinion, exercising professional judgment, assessing risks of misstatement, examining evidence, understanding internal controls (though not expressing an opinion on their effectiveness), evaluating accounting policies and estimates, and concluding on the company's ability to continue as a going concern.
Therefore, while Baker Tilly US, LLP provides audit and assurance services to Counselor Realty, they do not provide tax or consulting services. These services are provided by Baker Tilly Advisory Group, LP and its subsidiaries, which are separate entities.