What is the date through which Deka Lash's financial statements were available to be issued?
Deka_Lash Franchise · 2024 FDDAnswer from 2024 FDD Document
80 North Main Street Bountiful, Utah 84010 Phone; 801,928,2530 Fax: 801,335,4909 www.mg-cpa.com
INDEPENDENT AUDITOR'S REPORT
To the Member of DL Franchising, LLC Salt Lake City, Utah
Opinion
We have audited the accompanying financial statements of DL Franchising, LLC (A Utah LLC) which comprise the consolidated balance sheets as of December 31, 2023, 2022, and 2021, and the related consolidated statements of operations, changes in members' capital, 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 positions of DL Franchising, LLC as of December 31, 2023, 2022, and 2021, 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 DL Franchising, LLC 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.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America, and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events considered in the aggregate, that raise substantial doubt about DL Franchising, LLC's ability to continue as a going concern within one year after the date that the financial statements are available to be issued.
Source: Item 23 — RECEIPT (FDD pages 63–234)
What This Means (2024 FDD)
According to Deka Lash's 2024 Franchise Disclosure Document, the financial statements of DL Franchising, LLC, which is the franchisor, were audited for the years 2021, 2022, and 2023. The independent auditor's report indicates that the financial statements for these years were available to be issued as of the audit date.
The report, signed by the independent auditor, confirms that the financial statements present fairly the financial positions of Deka Lash as of December 31, 2023, December 31, 2022, and December 31, 2021. It also covers the results of its operations and cash flows for the years then ended, adhering to accounting principles generally accepted in the United States of America.
Furthermore, the management of Deka Lash is responsible for preparing these financial statements and ensuring they are free from material misstatement, whether due to fraud or error. They are also required to evaluate whether there are conditions or events that raise substantial doubt about Deka Lash's ability to continue as a going concern within one year after the date the financial statements are available to be issued.