What is the name of the auditing company for Desi District?
Desi_District Franchise · 2024 FDDAnswer from 2024 FDD Document
INDEPENDENT ACCOUNTANT AUDIT REPORT
To the Management of DESI DISTRICT FRANCHISE GROUP, LLC
Opinion
We have audited the financial statements of DESI DISTRICT FRANCHISE GROUP, LLC (the "Company"), which comprise the Balance Sheet as of June 15, 2024, and the related notes for the period then ended. (collectively referred to as the "financial statements").
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company at June 15, 2024, and the results of its operations and its cash flows for the period ended June 15, 2024, 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 the Company 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
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 52)
What This Means (2024 FDD)
According to Desi District's 2024 Franchise Disclosure Document, the independent accountant that audited the company's financial statements is Omar Alnuaimi, CPA. The audit report, included in the FDD, covers the balance sheet as of June 15, 2024.
The report expresses an opinion that the financial statements fairly represent the financial position of Desi District as of that date, in accordance with generally accepted accounting principles in the United States of America. The CPA's responsibilities included conducting the audit in accordance with auditing standards generally accepted in the United States of America, maintaining independence, and meeting ethical responsibilities.
Prospective franchisees should understand the role of an independent audit. It provides an unbiased opinion on the financial health of Desi District. This helps potential franchisees assess the financial stability of the franchisor before investing. The auditor's consent to include the report in the FDD indicates they stand behind their assessment as of the audit date.