Are the financial statements for Eos Worldwide audited?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
RSM US LLP
Independent Auditor's Report
Board of Directors EOS Worldwide Franchising, LLC
Opinion
We have audited the financial statements of EOS Worldwide Franchising, LLC (the Company), which comprise the balance sheets as of December 31, 2024 and 2023, the related statements of operations, member's equity and cash flows for the years then ended, and the related notes to the financial statements (collectively, the financial statements).
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company 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
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. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 21 — Financial Statements (FDD pages 73–74)
What This Means (2025 FDD)
According to the 2025 Eos Worldwide Franchise Disclosure Document, the financial statements are indeed audited by an independent auditor. Specifically, the financial statements for the years ending December 31, 2024 and 2023, were audited by RSM US LLP.
The Independent Auditor's Report included in the FDD expresses an opinion that the financial statements of EOS Worldwide Franchising, LLC, present fairly, in all material respects, the company's financial position as of December 31, 2024 and 2023. The report also covers 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.
The auditor's report confirms that the audits were conducted in accordance with auditing standards generally accepted in the United States of America (GAAS). The auditor states they believe that the audit evidence obtained is sufficient and appropriate to provide a basis for their audit opinion. Furthermore, the FDD mentions that the financial statements for the year ended December 31, 2022, were audited by other auditors, whose report dated March 20, 2023, expressed an unmodified opinion on those statements.