factual

Who audited Exit's consolidated financial statements as of December 31, 2023 and 2022?

Exit Franchise · 2025 FDD

Answer from 2025 FDD Document

The consolidated financial statements as of December 31, 2023 and 2022, were audited by other auditors, whose report dated April 30, 2024, expressed an unmodified opinion on those statements.

Source: Item 23 — RECEIPT (FDD pages 42–235)

What This Means (2025 FDD)

According to Exit's 2025 Franchise Disclosure Document, the consolidated financial statements as of December 31, 2023, and 2022 were audited by other auditors. The report, dated April 30, 2024, expressed an unmodified opinion on those statements.

An unmodified opinion, also known as a clean opinion, is an auditor's statement that the financial statements are fairly presented in accordance with generally accepted accounting principles (GAAP). This means the auditors found no material misstatements or omissions in Exit's financial statements for those years.

Prospective franchisees should note that while the FDD mentions that 'other auditors' performed the audit for the 2022 and 2023 financial statements, it does not specifically name the auditing firm. It is common practice for franchise companies to have their financial statements audited annually to ensure compliance and transparency, but the specific auditing firm may change from year to year.

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.