Who is the auditing firm for Punch King Fitness, Inc.?
Punch_King_Fitness Franchise · 2024 FDDAnswer from 2024 FDD Document
17 Beresford Court Williamsville, NY 14221 Tel: (716) 634-7253 Fax; (716) 634-0952 Email: jimdry@wddcpas.com Email: jaydry@wddcpas.com
Website: www.wddcpas.com
Independent Auditor's Report
To the Board of Directors and Shareholders Punch King Fitness, Inc.
Opinion
We have audited the accompanying financial statements of Punch King Fitness Inc., which comprise the balance sheet as of December 31, 2022, and the related statements of income and retained earnings and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Punch King Fitness, Inc. as of December 31, 2022, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America. 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 Punch King Fitness, Inc. and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 22 — CONTRACTS (FDD pages 56–215)
What This Means (2024 FDD)
According to Punch King Fitness's 2024 Franchise Disclosure Document, the independent auditor for the company is WDD CPAs. Their report includes audits of the financial statements for the years ending December 31, 2022 and December 31, 2023.
WDD CPAs has issued an opinion stating that the financial statements of Punch King Fitness, Inc. present fairly, in all material respects, the financial position as of the specified dates and 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 auditor's report also details the responsibilities of both the management of Punch King Fitness and the auditor in the preparation and audit of the financial statements. Management is responsible for the fair presentation of the financial statements and the maintenance of internal controls, while the auditor's responsibility is to express an opinion on these statements based on their audit, conducted in accordance with U.S. auditing standards.