Who is the independent auditor for Ifly Franchising, LLC?
Ifly Franchise · 2024 FDDAnswer from 2024 FDD Document
Deloitte & Touche LLP 500 West Second Street
Suite 1600 Austin, TX 78701-4671
USA
Tel: +1 512 691 2330 www.deloitte.com
INDEPENDENT AUDITOR'S REPORT
The Member of iFLY Franchising, LLC
Opinion
We have audited the financial statements of iFLY Franchising, LLC (the "Company"), which comprise the balance sheets as of December 31, 2023 and December 25, 2022, and the related statements of income, changes in member's equity and cash flows for each of the three fiscal years in the period ended December 31, 2023, and the related notes to the financial statements (collectively referred to as the "financial statements").
In our opinion, the accompanying financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023 and December 25, 2022, and the results of its operations and its cash flows for each of the three fiscal years in the period ended December 31, 2023 in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS). Our responsibilities under those standards are further described in the Auditor's Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Emphasis of Matter
As discussed in Note 2 to the accompanying financial statements, the financial statements have been prepared from the separate records maintained by the Company and may not be indicative of the conditions that would have existed if the Company had been operated as an unaffiliated Company of iFLY Holdings, LLC. Our opinion is not modified with respect to this matter.
Source: Item 23 — Receipts (FDD pages 57–174)
What This Means (2024 FDD)
According to Ifly's 2024 Franchise Disclosure Document, the independent auditor is Deloitte & Touche LLP, located at 500 West Second Street, Suite 1600 Austin, TX 78701-4671. Their phone number is +1 512 691 2330, and their website is www.deloitte.com.
Deloitte & Touche LLP audited the financial statements of iFLY Franchising, LLC, which include balance sheets as of December 31, 2023, and December 25, 2022, along with statements of income, changes in member's equity, and cash flows for the three fiscal years ending December 31, 2023. The auditor's report expresses an opinion on whether these financial statements present fairly the financial position, results of operations, and cash flows of the company in accordance with accounting principles generally accepted in the United States of America.
The audit was conducted following auditing standards generally accepted in the United States of America (GAAS). These standards require the auditor to be independent and meet ethical responsibilities. The auditor believes that the audit evidence obtained is sufficient and appropriate to provide a basis for their audit opinion.
The audit report also includes an Emphasis of Matter, noting that the financial statements were prepared from the separate records maintained by iFLY Franchising, LLC, and may not be indicative of the conditions that would have existed if the company had been operated as an unaffiliated entity of iFLY Holdings, LLC. This observation does not modify the auditor's opinion on the financial statements.