Are the Deck Medic financial statements audited?
Deck_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
Metwally CPA PLLC
CERTIFIED PUBLIC ACCOUNTANT
1312 Norwood Dr STE 100, Bedford, Texas 76022
Cell: 214-200-5434 (Mohamed Metwally) Mmetwally@metwallycpa.com
Independent Auditor's Report
To the Stockholders' of Deck Medic, Inc.
Opinion
We have audited the accompanying financial statements of Deck Medic, Inc. (the "Company") which comprise the balance sheets as of December 31, 2023 and 2022 and the related statements of operations, stockholders' equity, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Deck Medic, Inc. as of December 31, 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.
Basis for Opinion
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 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2024 FDD)
According to Deck Medic's 2024 Franchise Disclosure Document, the company's financial statements have been audited by an independent auditor. The FDD includes reports from Metwally CPA PLLC, a certified public accountant, providing their opinion on Deck Medic's financial statements. These reports cover the balance sheets, statements of operations, stockholders' equity, and cash flows for the years ending December 31, 2023 and 2022, as well as for December 31, 2022 and 2021.
The auditor's opinion states that the financial statements present fairly the financial position, results of operations, and cash flows of Deck Medic, Inc. for the specified periods, in accordance with accounting principles generally accepted in the United States of America. This opinion provides a level of assurance to potential franchisees that the financial information presented by Deck Medic has been reviewed and assessed by an independent professional.
The audit was conducted in accordance with auditing standards generally accepted in the United States of America, requiring the auditor to be independent and meet ethical responsibilities. The auditor's responsibilities include obtaining reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error. They also involve examining evidence, understanding internal control, evaluating accounting policies, and assessing management's estimates.
For a prospective franchisee, the inclusion of audited financial statements in the FDD is a positive sign, suggesting that Deck Medic adheres to standard accounting practices and provides reliable financial information. This allows potential franchisees to make more informed decisions about investing in a Deck Medic franchise, based on independently verified financial data.