What does the auditor's report for Mr. Sandless include?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
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MUHAMMAD ZUBAIRY, CPA PC
Certified Public Accountant 646.327.7013
INDEPENDENT AUDITOR'S REPORT
To the Members of Mr. Sandless Franchise, LLC
Opinion
We have audited the financial statements of Mr. Sandless Franchise, LLC which comprises the balance sheets as of December 31, 2024 and 2023, and the related statements of operations, and changes in members' deficit and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the accompanying financial statements referred to above present fairly, in all material respects, the financial position of Mr. Sandless Franchise, LLC as of December 31, 2024 and 2023, and the results of its operations and its cash flows for the for the years then ended, 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 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.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America,and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free frommaterial misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Mr. Sandless Franchise, LLC's ability to continue as a going concern within one year after the date that the financial statements are available to be issued.
Source: Item 21 — FINANCIAL STATEMENTS (FDD pages 41–42)
What This Means (2025 FDD)
According to Mr. Sandless's 2025 Franchise Disclosure Document, the independent auditor's report includes an opinion on the financial statements. The auditor, Muhammad Zubairy CPA PC, states that they have audited the balance sheets as of December 31, 2024, and 2023, along with related statements of operations, changes in members' deficit, and cash flows for the years then ended, including notes to the financial statements.
The auditor's opinion is that the financial statements present fairly, in all material respects, the financial position of Mr. Sandless Franchise, LLC as of December 31, 2024, and 2023. The opinion also covers the results of its operations and cash flows for the years then ended, 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). The auditor's responsibilities under these standards include remaining independent of Mr. Sandless and meeting ethical requirements. The auditor believes the audit evidence obtained provides a sufficient basis for their opinion. The auditor's responsibilities also include obtaining an understanding of internal control relevant to the audit to design appropriate procedures, but not to express an opinion on the effectiveness of Mr. Sandless's internal control. The auditor evaluates the appropriateness of accounting policies and the reasonableness of significant accounting estimates made by management, as well as the overall presentation of the financial statements. The auditor must conclude whether there are conditions or events that raise substantial doubt about Mr. Sandless's ability to continue as a going concern.