Who is the CPA firm responsible for auditing Fitstop USA, INC.'s financial statements?
Fitstop Franchise · 2024 FDDAnswer from 2024 FDD Document
_________**
| Independent Auditor's Report | Page 1 |
|---|---|
| Balance Sheet | Page 3 |
| Statements of Operations and Members' Equity | Page 4 |
| Statement of Cash Flows | Page 5 |
| Footnotes | Page 6 |
MUHAMMAD ZUBAIRY, CPA PC
Certified Public Accountant 646.327.7013
INDEPENDENT AUDITOR'S REPORT
To the members Fitstop USA, INC.
Opinion
We have audited the financial statements of Fitstop USA, INC. which comprise the balance sheet as of December 31, 2023 and 2022, and the related statement of operations and changes in members' equity, and cash flow for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the financial position of Fitstop USA, INC. as at December 31, 2023 and 2022, 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.
Basis for Opinion
We conducted our auditsin accordance with auditing standards generally accepted in the United StatesofAmerica (GAAS). Ourresponsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. Weare required to be independent of Fitstop USA, INC.
Source: Item 23 — RECEIPTS (FDD pages 50–135)
What This Means (2024 FDD)
According to Fitstop's 2024 Franchise Disclosure Document, the financial statements of Fitstop USA, INC. were audited by Muhammad Zubairy, CPA PC. The CPA firm issued an independent auditor's report with an opinion that the financial statements present fairly the financial position of Fitstop USA, INC. as of December 31, 2023 and 2022. This includes the statements of operations and changes in members' equity, and cash flow for the years then ended, in accordance with accounting principles generally accepted in the United States of America.
The auditor's report confirms that the audit was conducted following generally accepted auditing standards in the United States of America (GAAS). These standards require the auditor to be independent of Fitstop USA, INC. and to meet ethical responsibilities. The auditor's responsibilities include obtaining reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error.
The audit also involves assessing the risks of material misstatement, examining evidence on a test basis, and evaluating the appropriateness of accounting policies used by Fitstop. The CPA firm's address is listed as Westbury, NY, and the audit report is dated May 23, 2024.