Does the auditor express an opinion on the effectiveness of iTan Franchising, Inc.'s internal control?

According to Itan's 2025 Franchise Disclosure Document, the auditor does not express an opinion on the effectiveness of iTan Franchising, Inc.'s internal control. The auditor's responsibilities include obtaining an understanding of internal control relevant to the audit to design appropriate audit procedures, but not for the purpose of expressing an opinion on the effectiveness of Itan's internal control.

This means that while the auditor assesses Itan's internal controls to plan the audit, they do not provide a separate opinion on whether those controls are effective. A prospective franchisee should understand that the audit focuses on the accuracy of the financial statements, not on the quality of the company's internal control systems.

This is a fairly standard practice in financial audits. Franchisees who want to gain more assurance about the effectiveness of Itan's internal controls may want to ask Itan about any internal control audits or assessments that have been performed separately. Understanding the scope and results of these assessments can provide additional insight into the company's risk management practices.