What does the auditing firm believe regarding the audit evidence obtained during the Mr. Sandless audit?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
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 Mr. Sandless Franchise, LLC 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 basisfor our audit opinion.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the auditing firm believes that the audit evidence they obtained is sufficient and appropriate to provide a basis for their audit opinion. This statement appears in the Independent Auditor's Report included within the financial statements. The report covers the balance sheets, statements of operations, changes in members' deficit, and cash flows for specific years. For the 2023 and 2022 statements, Muhammad Zubairy, CPA, issued the report. For the 2024 and 2023 statements, Muhammad Zubairy, CPA PC, issued the report. For the 2022 and 2021 statements, Monis J. Siddiqui, CPA P.C., issued the report.
In providing this opinion, the auditors state they conducted their audits in accordance with auditing standards generally accepted in the United States of America (GAAS). These standards require the auditor to be independent of Mr. Sandless and to meet ethical responsibilities relevant to the audits. The auditor's report does not express an opinion on the effectiveness of Mr. Sandless's internal control.
For a potential Mr. Sandless franchisee, this indicates that an independent professional has reviewed the financial statements of the company and believes they are fairly presented. This provides a level of assurance, though not a guarantee, about the financial health of the company. Prospective franchisees should carefully review the full audited financial statements and notes, and consider consulting with their own financial advisors, to fully understand the financial condition of Mr. Sandless.