Are the Floors To Go financial statements prepared by an independent auditor?

According to the 2025 Floors To Go Franchise Disclosure Document, the company's financial statements are indeed audited by an independent auditor. Item 21 and Item 23 include the Independent Auditors' Report. The report includes the auditor's opinion that the financial statements present fairly the financial position of Floors To Go, LLC as of December 31, 2024 and 2023, and the results of its operations and cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.

An independent audit is a standard practice that provides assurance to potential investors and franchisees that the financial statements are presented fairly and in accordance with generally accepted accounting principles. This process involves an objective examination of the financial records by an external accounting firm, ensuring that the information is free from material misstatement.

The inclusion of audited financial statements in the FDD is a positive sign for prospective franchisees. It demonstrates Floors To Go's commitment to transparency and provides a level of confidence in the financial information presented. Franchisees can use this information to assess the financial health and stability of the franchisor before making an investment decision.

The Independent Auditors' Report also outlines the responsibilities of both the management of Floors To Go and the auditors. Management is responsible for the preparation and fair presentation of the financial statements, while the auditors are responsible for expressing an opinion on those statements based on their audit. This division of responsibilities helps to ensure the integrity and reliability of the financial reporting process.