Does Crown Gold Exchange have audited financial statements available?

According to the 2024 Franchise Disclosure Document, Crown Gold Exchange includes audited financial statements. The audit report was conducted by Omar Alnuaimi, CPA, located in Naperville, IL.

The independent accountant's audit report states that the financial statements of GOLDMEMBER, LLC, which comprise the balance sheet as of May 15, 2024, and the related notes for the period then ended, have been audited. The auditor's opinion is that the financial statements present fairly the financial position of the company as of May 15, 2024, and the results of its operations and cash flows for the period then ended, 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 (GAAS). The auditor's responsibilities include obtaining reasonable assurance about whether the financial statements are free of material misstatement, whether due to fraud or error, and issuing an auditor's report that includes their opinion. The auditor also evaluates the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as the overall presentation of the financial statements.

However, the FDD also states that because Crown Gold Exchange has not been in business for three years or more, they cannot include all financial statements required by the Franchise Rule of the Federal Trade Commission. Exhibit F contains their unaudited opening balance sheet dated May 1, 2024. Their fiscal year end is December 31.