Are the financial statements for Eos Worldwide unaudited?
Eos_Worldwide Franchise · 2025 FDDAnswer from 2025 FDD Document
Report December 31, 2024
Contents
| Independent auditor's report | 1-2 |
|---|---|
| Financial statements | |
| Balance sheets | 3 |
| Statements of operations | 4 |
| Statements of member's equity | 5 |
| Statements of cash flows | 6 |
| Notes to financial statements | 7-9 |
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.
Responsibilities of Management for the Financial Statements
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.
Source: Item 21 — Financial Statements (FDD pages 73–74)
What This Means (2025 FDD)
According to the 2025 FDD, the financial statements of Eos Worldwide Franchising, LLC, have been audited by RSM US LLP. An independent auditor's report is included, which expresses an opinion on the fairness of the presentation of the company's financial position as of December 31, 2024 and 2023. The report covers the statements of operations, member's equity, and cash flows for the years then ended, along with related notes, all prepared in accordance with accounting principles generally accepted in the United States of America.
The auditor's opinion confirms that the financial statements present fairly, in all material respects, the financial position of Eos Worldwide as of the specified dates and the results of its operations and cash flows for the years then ended. The audit was conducted in accordance with auditing standards generally accepted in the United States of America (GAAS). The auditor's responsibilities under those standards include being independent of the company and meeting ethical responsibilities. The auditor believes that the audit evidence obtained is sufficient and appropriate to provide a basis for their audit opinion.
Management is responsible for the preparation and fair presentation of the financial statements, including the design, implementation, and maintenance of internal control relevant to the preparation of financial statements that are free from material misstatement. Management is also required to evaluate whether there are conditions or events that raise substantial doubt about the company's ability to continue as a going concern within one year after the date that the financial statements are issued or available to be issued. The inclusion of an independent auditor's report suggests that the financial statements have undergone scrutiny by an external and objective party, providing a higher level of assurance to potential investors or franchisees.