What is the name of the auditing firm responsible for auditing Even Hotels' financial statements?
Even_Hotels Franchise · 2025 FDDAnswer from 2025 FDD Document
Report of Independent Auditors
To the Management of Six Continents Hotels, Inc.
Opinion
We have audited the accompanying consolidated financial statements of Six Continents Hotels, Inc. and its subsidiaries (the "Company"), which comprise the consolidated balance sheets as of December 31, 2024 and 2023, and the related consolidated statements of net income, of comprehensive income, of changes in parent's investment and of cash flows for each of the three years in the period ended December 31, 2024, including the related notes (collectively referred to as the "consolidated financial statements").
In our opinion, the accompanying consolidated 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 each of the three years in the period ended December 31, 2024 in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (US GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Consolidated 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 audit. 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 Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of the consolidated 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 consolidated financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the consolidated financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the Company's ability to continue as a going concern for one year after the date the consolidated financial statements are available to be issued.
Auditors' Responsibilities for the Audit of the Consolidated Financial Statements
Source: Item 23 — RECEIPTS (FDD pages 99–438)
What This Means (2025 FDD)
According to the 2025 FDD, the financial statements of Six Continents Hotels, Inc., which includes Even Hotels, were audited by an independent auditor. The Report of Independent Auditors is addressed to the Management of Six Continents Hotels, Inc. This indicates that an external firm has reviewed the financial records of the parent company to ensure they are presented fairly and in accordance with accounting principles generally accepted in the United States of America.
While the document mentions the audit, it does not explicitly state the name of the auditing firm. Instead, it focuses on the responsibilities of both the management and the auditors in preparing and auditing the consolidated financial statements. The report outlines the auditor's opinion, the basis for that opinion, and the responsibilities of both management and the auditors in the audit process.
For a prospective Even Hotels franchisee, knowing the specific auditing firm could provide additional assurance regarding the credibility of the financial statements. It is common practice for franchise companies to use reputable, well-known auditing firms. Franchisees may want to independently verify the auditor's reputation and standing.
To obtain the name of the auditing firm, a prospective franchisee should directly ask Even Hotels for this information. Requesting this detail during the due diligence process can offer a more complete picture of the franchisor's financial oversight and transparency.