factual

What date is the auditor's report for Fitstop USA, INC. dated?

Fitstop Franchise · 2024 FDD

Answer from 2024 FDD Document

Muhammad Zubairy, CPA PC Westbury, NY

May 23, 2024

Source: Item 23 — RECEIPTS (FDD pages 50–135)

What This Means (2024 FDD)

According to Fitstop's 2024 Franchise Disclosure Document, the Independent Auditor's Report for Fitstop USA, INC. is dated May 23, 2024. This report includes the auditor's opinion on the financial statements of Fitstop USA, INC., covering the balance sheet as of December 31, 2023, and 2022, along with statements of operations, changes in members' equity, and cash flow for the years then ended.

The auditor, Muhammad Zubairy, CPA PC, based in Westbury, NY, conducted the audit in accordance with auditing standards generally accepted in the United States of America (GAAS). The report outlines the responsibilities of both Fitstop's management and the auditor in the preparation and audit of the financial statements. Management is responsible for the fair presentation of the financial statements and internal controls, while the auditor's responsibility is to express an opinion on those statements based on their audit.

The auditor's report provides assurance that the financial statements of Fitstop USA, INC. fairly represent the company's financial position and results of operations as of the specified dates. This is a standard practice in franchising to provide potential franchisees with an independent assessment of the franchisor's financial health. Prospective franchisees should carefully review these audited financial statements and the accompanying notes to understand Fitstop's financial performance and stability.

Disclaimer: This information is extracted from the 2024 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.