factual

Who audited the Gold Star financial statements as of December 31, 2022?

Gold_Star Franchise · 2025 FDD

Answer from 2025 FDD Document

The financial statements as of December 31, 2022, were audited by VonLehman & Company Inc., who merged with Dean Dorton Allen Ford, PLLC as of January 1, 2024.

Source: Item 23 — Receipts (FDD pages 53–163)

What This Means (2025 FDD)

According to Gold Star's 2025 Franchise Disclosure Document, the financial statements as of December 31, 2022, were initially audited by VonLehman & Company Inc. However, it's important to note that VonLehman & Company Inc. merged with Dean Dorton Allen Ford, PLLC, as of January 1, 2024. This means that while VonLehman & Company Inc. performed the original audit, the entity responsible for the audit after the merger became Dean Dorton Allen Ford, PLLC.

It is also important to note that the December 31, 2022, financial statements have been restated for the correction of material misstatements. This restatement does not change the auditor, but it does indicate that the initial financial statements required correction. The auditor's opinion was not modified with respect to these restatements, meaning the auditor still believed the restated financial statements presented fairly, in all material respects, the financial position of Gold Star.

For a prospective franchisee, this information highlights the importance of reviewing the audited financial statements and understanding any restatements that have occurred. It also demonstrates the involvement of independent auditors in verifying the financial health of Gold Star. The merger of the original auditing firm is a noteworthy event, and a franchisee might want to inquire about the implications of this merger on the continuity and quality of the audit process.

Disclaimer: This information is extracted from the 2025 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.