Are the financial statements for Eos Worldwide unaudited or 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.
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 have been audited by an independent auditor. Specifically, RSM US LLP audited the financial statements. Their audit reports for both the December 31, 2024 and December 31, 2023 statements are included in the FDD.
The inclusion of an independent auditor's report indicates that a qualified accounting firm has examined Eos Worldwide's financial records and provided an opinion on whether the statements fairly represent the company's financial position and performance in accordance with generally accepted accounting principles.
For a prospective franchisee, audited financial statements provide a higher level of confidence in the accuracy and reliability of the financial information presented. This is because an independent auditor has verified the figures and disclosures, reducing the risk of material misstatements or omissions. This allows potential franchisees to make more informed decisions about investing in an Eos Worldwide franchise.