Who must sign the financial statements submitted to Dryject?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
Management is responsible for the preparation and fair presentation of the 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 DryJect Management, 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 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to the 2025 Dryject FDD, the management of DryJect Management, LLC is responsible for the preparation and fair presentation of the financial statements. This responsibility includes adhering to accounting principles generally accepted in the United States of America, as well as designing, implementing, and maintaining internal controls to ensure the financial statements are free from material misstatement, whether due to fraud or error.
Specifically, management must evaluate whether there are conditions or events that raise substantial doubt about DryJect's ability to continue as a going concern within one year after the financial statements are issued. This evaluation is a critical component of ensuring the accuracy and reliability of the financial statements.
Additionally, the FDD includes an Independent Auditor's Report, indicating that an external auditor has audited the financial statements. While management is responsible for preparing the statements, the auditor provides an opinion on whether those statements present fairly 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.