Who is the auditor for Punch King Fitness?
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, 2023, 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, 2023, 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.
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 from material misstatement, whether due to fraud or error.
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 is WDD & Company CPAs, P.C. The auditor's report included in the FDD is addressed to the Board of Directors and Shareholders of Punch King Fitness, Inc.
WDD & Company CPAs, P.C. has audited the financial statements of Punch King Fitness, Inc. These statements include the balance sheet as of December 31, 2023, 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. The auditor's opinion is that these financial statements present fairly the financial position of Punch King Fitness, Inc. as of December 31, 2023, 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.
The auditor's report also details the responsibilities of both the management of Punch King Fitness and the auditor. Management is responsible for preparing and fairly presenting the financial statements and maintaining internal controls. The auditor's responsibility is to obtain reasonable assurance about whether the financial statements are free from material misstatement and to issue an auditor's report including their opinion.
The contact information for WDD & Company CPAs, P.C. is provided as 17 Beresford Court Williamsville, NY 14221, with phone number (716) 634-7253, fax number (716) 634-0952, and email addresses jimdry@wddcpas.com and jaydry@wddcpas.com. Their website is www.wddcpas.com.