What does the auditor evaluate regarding accounting policies used by iTan?

According to iTan's 2025 Franchise Disclosure Document, the auditor evaluates the appropriateness of the accounting policies used by the company. Additionally, the auditor assesses the reasonableness of significant accounting estimates made by the management of iTan. The auditor also evaluates the overall presentation of the financial statements.

This evaluation is part of a broader audit aimed at providing reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error. The auditor's responsibilities include exercising professional judgment, identifying risks of material misstatement, and obtaining an understanding of internal controls.

For a prospective iTan franchisee, this means that an independent auditor has reviewed the company's financial practices and provided an opinion on whether the financial statements fairly represent the company's financial position. This can provide a level of comfort regarding the financial stability and reporting practices of the franchisor.