factual

Who is the certified public accountant firm responsible for auditing Fly Fitness?

Fly_Fitness Franchise · 2024 FDD

Answer from 2024 FDD Document

& Associates Certificel Public Accountants, LLC

Omaha, Nebraska March 21, 2023

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 44)

What This Means (2024 FDD)

According to Fly Fitness's 2024 Franchise Disclosure Document, the financial statements were audited by & Associates Certificel Public Accountants, LLC. The report, which includes an opinion on Fly Fitness's financial position as of December 31, 2023, confirms that the statements are presented fairly and in accordance with generally accepted accounting principles in the United States of America. The auditor's report is addressed to the Managing Members and Management of Fly Fitness Franchise LLC in Lincoln, Nebraska.

The auditor's responsibilities include obtaining reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error. They also assess the risks of material misstatement, evaluate the appropriateness of accounting policies, and conclude on Fly Fitness's ability to continue as a going concern. The audit was conducted in accordance with auditing standards generally accepted in the United States of America, requiring the auditor to be independent and meet ethical responsibilities.

The audit provides an opinion on the balance sheet as of December 31, 2023, and the related statements of income and members' equity, and cash flows for the year then ended. This information is crucial for prospective franchisees to assess the financial health and stability of Fly Fitness before investing in a franchise. The auditor's report, along with the financial statements, offers transparency and helps potential franchisees make informed decisions.

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.