Where in the Expense Reduction Analysts Franchise Agreement can I find information about inspections and audits?
Expense_Reduction_Analysts Franchise · 2025 FDDAnswer from 2025 FDD Document
| OBLIGATION | SECTION IN AGREEMENT | DISCLOSURE DOCUMENT | |
|---|---|---|---|
| ITEM | |||
| s. Inspections and audits | Sections 20.3 and 20.4 of the Franchise Agreement | Item 6 and 11 |
We may conduct periodic quality assurance inspections of your Consulting Businessincluding your books and records, your tax returns, your computer and other electronic records in any medium, during normal business hours. You will cooperate with our representatives during inspections including providing any and all passwords and access keys as necessary to allow a full and complete inspection of all records stored in any electronic media.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS AND TRAINING (FDD pages 26–36)
What This Means (2025 FDD)
According to Expense Reduction Analysts' 2025 Franchise Disclosure Document, information regarding inspections and audits can be found in Sections 20.3 and 20.4 of the Franchise Agreement. This is also referenced in Item 6 and Item 11 of the FDD.
Expense Reduction Analysts may conduct periodic quality assurance inspections of a franchisee's Consulting Business. These inspections can include books and records, tax returns, and computer and other electronic records in any medium, and will be conducted during normal business hours. Franchisees are required to cooperate with Expense Reduction Analysts' representatives during these inspections, including providing any necessary passwords and access keys to allow a full and complete inspection of all records stored in any electronic media.
These inspections allow Expense Reduction Analysts to ensure that franchisees are adhering to the standards and specifications outlined in the franchise agreement and operating their businesses in compliance with the Expense Reduction Analysts system. The results of these audits and inspections can impact the franchisee's standing with Expense Reduction Analysts and could potentially lead to further action if deficiencies are found.