What did the auditors believe regarding the audit evidence they obtained for Deck Medic, Inc.?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
We conducted our audits in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Deck Medic, Inc. and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 23 — RECEIPTS (FDD pages 43–228)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the auditors, Metwally CPA PLLC, stated that they conducted their audits in accordance with auditing standards generally accepted in the United States of America. As part of their responsibilities under those standards, they were required to be independent of Deck Medic and to meet other ethical requirements related to their audits.
The auditors believed that the audit evidence they obtained was sufficient and appropriate to provide a basis for their audit opinion. This suggests that the auditors found the evidence reliable and adequate for forming an opinion on Deck Medic's financial statements.
This opinion is important for prospective franchisees as it provides assurance that an independent firm has reviewed Deck Medic's financial records and found them to be fairly presented. Franchisees can use this information to assess the financial stability and performance of Deck Medic before investing in a franchise.