Are there any qualifications in the audit opinion for Creative World School's financial statements?

According to the 2025 Creative World School FDD, the audit opinion on the company's financial statements does not contain any qualifications. The independent auditor's opinion states that the financial statements present fairly, in all material respects, the financial position of Creative World Schools Franchising Co., Inc. as of December 31, 2024, 2023, and 2022, and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America. This unqualified opinion suggests that the auditors found no material misstatements or issues with the financial statements that would require them to add an explanatory paragraph or qualification to their opinion.

For a prospective Creative World School franchisee, this is a positive sign. An unqualified audit opinion indicates that the company's financial statements are considered reliable and transparent. This can provide some level of comfort to potential investors or franchisees who are relying on these statements to make informed decisions about investing in the franchise. The audit was conducted in accordance with auditing standards generally accepted in the United States of America (GAAS), adding further credibility to the audit process and opinion.

The audit also included an assessment of Creative World School's ability to continue as a going concern. The auditors are required to evaluate whether there are conditions or events that raise substantial doubt about the company's ability to continue operating for a reasonable period of time. The absence of any mention of such doubts in the opinion suggests that the auditors did not identify any significant risks to the company's long-term viability. This is another factor that may reassure potential franchisees about the stability of the Creative World School franchise system.