What is the auditor's responsibility concerning Dryject Management, LLC's internal control?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
In performing an audit in accordance with generally accepted auditing standards, I:
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of DryJect Management, LLC's internal control. Accordingly, no such opinion is expressed.
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the auditor's responsibility regarding the company's internal control is explicitly defined. The auditor's role is to gain an understanding of the internal control mechanisms relevant to the audit itself. This understanding is used to design audit procedures that are appropriate for the given circumstances.
However, the auditor's responsibility does not extend to expressing an opinion on the effectiveness of Dryject Management, LLC's internal control systems. The document explicitly states that no such opinion is expressed. This means that while the auditor assesses internal controls to plan the audit, they do not provide a separate assessment or guarantee about how well those controls function.
In summary, a prospective Dryject franchisee should understand that the audit provides an opinion on the financial statements, but it does not offer assurance that Dryject's internal controls are effective. If a franchisee wants to assess the strength of Dryject's internal controls, they would need to seek a separate assessment specifically focused on internal control effectiveness.