Who is the auditor for Exit's financial statements?
Exit Franchise · 2025 FDDAnswer from 2025 FDD Document
We have audited the accompanying consolidated financial statements of EXIT Realty Corp. International (a corporation), which comprise the consolidated balance sheets as of December 31, 2024, and the related consolidated statements of operations and comprehensive loss, changes in stockholders' equity, and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of EXIT Realty Corp. International as of December 31, 2024, and the results of their operations and their cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Prior Period Financial Statements
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 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Exit's 2025 Franchise Disclosure Document, the financial statements as of December 31, 2024, were audited by independent auditors. The report expresses the auditor's opinion that the financial statements present fairly the financial position of Exit Realty Corp. International as of December 31, 2024, and the results of its operations and cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America.
Additionally, the 2025 FDD notes that 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. The FDD does not specifically name the independent auditor firm that audited the 2024 financial statements.
For Exit Realty Upper Midwest, the financial statements as of December 31, 2024, 2023, and 2022, were audited and an opinion was issued. The FDD does not specifically name the independent auditor firm that audited the Exit Realty Upper Midwest financial statements.
A prospective franchisee should independently verify with Exit who their current auditor is and review the auditor's reports and qualifications.