On what date was the auditor's report for Mr. Sandless issued?
Mr_Sandless Franchise · 2025 FDDAnswer from 2025 FDD Document
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of Mr. Sandless Franchise, LLC's internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, 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 for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Muhammad Zubairy, CPA Valley Stream, NY April 2, 2024
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 was issued on April 2, 2024. The audit was conducted by Muhammad Zubairy, CPA, located in Valley Stream, NY.
The auditor's report covers the financial statements of Mr. Sandless Franchise, LLC, specifically the balance sheets as of December 31, 2024, and 2023, and the related statements of operations, changes in members' deficit, and cash flows for the years then ended. The auditor's opinion states that the financial statements present fairly the financial position of Mr. Sandless in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees should note the date of the audit report as it indicates how recent the financial information is. This is important for assessing the current financial health of Mr. Sandless. It is also worth noting the auditor's location, as this could be relevant if a franchisee needed to contact them for further clarification on the financial statements.