Are the Dermani Medspa financial statements audited?
Dermani_Medspa Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITOR'S REPORT
To the Member of dermani MEDSPA Franchising, LLC Windermere, Florida
Opinion
We have audited the accompanying financial statements of dermani MEDSPA Franchising, LLC, which comprise the balance sheet as of December 31, 2024, and the related statements of operations and changes in member's deficit and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of dermani MEDSPA Franchising, LLC as of December 31, 2024, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS). 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 dermani MEDSPA Franchising, LLC and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. 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
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 66)
What This Means (2025 FDD)
According to Dermani Medspa's 2025 Franchise Disclosure Document, the financial statements are indeed audited by an independent auditor. The FDD includes an Independent Auditor's Report from Nichols, Cauley & Associates, LLC for the financial statements as of December 31, 2022, December 31, 2023 and December 31, 2024.
The auditor's opinion states that the financial statements of Dermani Medspa Franchising, LLC present fairly, in all material respects, the financial position as of December 31, 2022, December 31, 2023 and December 31, 2024, 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.
The audit was conducted in accordance with auditing standards generally accepted in the United States of America (GAAS). This indicates that a recognized firm has examined Dermani Medspa's financial records and provided an unbiased opinion on their accuracy and reliability. For a prospective franchisee, this provides a higher level of confidence in the financial information presented by Dermani Medspa, as it has been vetted by an independent third party.