What is the auditor's responsibility regarding Focus Cfo's ability to continue as a going concern?

According to Focus Cfo's 2025 Franchise Disclosure Document, the auditor has a responsibility to evaluate the company's ability to continue as a going concern. This involves concluding whether there are conditions or events that raise substantial doubt about Focus CFO Group, LLC and Subsidiary's ability to continue operating for a reasonable period of time. This assessment is made by considering all relevant conditions and events in the aggregate.

To fulfill this responsibility, the auditor must exercise professional judgment and maintain professional skepticism throughout the audit. They need to identify and assess the risks of material misstatement in the consolidated financial statements, whether due to fraud or error, and design audit procedures to address those risks. These procedures include examining evidence related to the amounts and disclosures in the financial statements on a test basis. The auditor also evaluates the appropriateness of the accounting policies used, the reasonableness of significant accounting estimates made by management, and the overall presentation of the consolidated financial statements.

It's important to note that the auditor's report covers the consolidated financial statements but does not extend to other information included in the Franchise Disclosure Document. While the auditor reads this other information to check for material inconsistencies with the financial statements or material misstatements, they do not express an opinion or assurance on it. This means a prospective Focus Cfo franchisee should understand the auditor's focus is specifically on the financial statements and their assessment of the company's ability to continue as a going concern is based on that review.