What is the auditor's opinion on the Dryject Management, LLC financial statements?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITOR'S REPORT
TO: DRYJECT MANAGEMENT, LLC HATBORO, PENNSYLVANIA
Opinion
I have audited the accompanying financial statements of DryJect Management, LLC (a single member LLC), which comprise the balance sheets as of December 31, 2024 and 2023, and the related statements of income and member's capital, and cash flows for the years then ended, and the related notes to the financial statements.
In my opinion, the financial statements referred to above present fairly, in all material respects, the financial position of DryJect Management, LLC as of December 31, 2024 and 2023, 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
I conducted my audit in accordance with auditing standards generally accepted in the United States of America. My responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of my report. I am required to be independent of DryJect Management, LLC and to meet my other ethical responsibilities in accordance with the relevant ethical requirements relating to my audit. I believe that the audit evidence I have obtained is sufficient and appropriate to provide a basis for my audit opinion.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the independent auditor, Koger K. Stein CPA LLC, has issued an opinion on Dryject Management, LLC's financial statements for multiple years. Specifically, the auditor's opinion for the financial statements as of December 31, 2024 and 2023, December 31, 2023 and 2022, and December 31, 2022 and 2021, states that the financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows of Dryject Management, LLC in accordance with accounting principles generally accepted in the United States of America.
This "unqualified opinion" is the best outcome of a financial audit. It indicates that the auditor has no reservations about the fairness and accuracy of the financial statements. For a prospective Dryject franchisee, this suggests that the company's financials are transparent and reliable, which can be a positive indicator of the franchisor's stability and business practices.
It is important to note that while the auditor believes the financial statements are fairly presented, an audit provides reasonable, but not absolute, assurance. The auditor's responsibilities include exercising professional judgment, assessing risks of material misstatement, and evaluating the appropriateness of accounting policies. However, the audit does not express an opinion on the effectiveness of Dryject's internal controls.