What does the auditing firm believe regarding the audit evidence they obtained during the audit of Legacy Franchisors LLC D/B/A Hydrodog?

According to Hydrodog's 2025 Franchise Disclosure Document, the auditing firm, Aprio, LLP, believes that the audit evidence they obtained is sufficient and appropriate to provide a basis for their audit opinion. This opinion is based on their audit of the financial statements of Legacy Franchisors LLC D/B/A Hydrodog, which includes balance sheets as of December 31, 2024 and 2023, and related statements of operations, members' equity, and cash flows for the years then ended. Aprio, LLP issued their report from Raleigh, North Carolina on March 27, 2025.

The audit was conducted in accordance with auditing standards generally accepted in the United States of America, requiring the auditors to be independent and meet ethical responsibilities. The firm's responsibilities include obtaining reasonable assurance about whether the financial statements are free from material misstatement, whether due to fraud or error. However, reasonable assurance is not absolute, and there is a risk that material misstatements may not always be detected.

In conducting the audit, Aprio, LLP exercised professional judgment, assessed risks of material misstatement, examined evidence regarding amounts and disclosures in the financial statements, and evaluated the appropriateness of accounting policies and the reasonableness of significant accounting estimates made by management. They also obtained an understanding of internal control relevant to the audit but did not express an opinion on the effectiveness of Hydrodog's internal control. The auditors' report includes their opinion on the financial statements.