factual

What ethical requirements are the auditors of Eos Worldwide required to meet?

Eos_Worldwide Franchise · 2025 FDD

Answer from 2025 FDD Document

We conducted our audits 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.

Source: Item 22 — CONTRACTS (FDD page 74)

What This Means (2025 FDD)

According to the 2025 Eos Worldwide Franchise Disclosure Document, the auditor, RSM US LLP, is required to adhere to specific ethical responsibilities. As stated in the 'Basis for Opinion' section of the Independent Auditor's Report, the audit was conducted following auditing standards generally accepted in the United States of America (GAAS). Under these standards, the auditor is mandated to be independent of Eos Worldwide and to fulfill other ethical responsibilities in accordance with the relevant ethical requirements pertaining to the audit.

This requirement ensures that the auditor maintains objectivity and integrity throughout the audit process. Independence is crucial to providing an unbiased opinion on the financial statements of Eos Worldwide. By adhering to GAAS and relevant ethical requirements, the auditor aims to provide a reliable and credible assessment of the company's financial position and performance.

For a prospective Eos Worldwide franchisee, this signifies that the financial statements presented in the FDD have been reviewed by an independent party who is bound by ethical standards to provide an impartial opinion. This can provide a level of assurance regarding the accuracy and reliability of the financial information presented, which is essential for making informed investment decisions. Franchisees can typically request to review the auditor's report and financial statements to gain further insight into the financial health and stability of Eos Worldwide.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.