Does the audit of Spray Net express an opinion on the effectiveness of the company's internal control?

According to Spray Net's 2025 Franchise Disclosure Document, the independent auditor does not express an opinion on the effectiveness of the company's internal control. The auditor's responsibilities include obtaining an understanding of internal control relevant to the audit for designing appropriate procedures, but not for the purpose of expressing an opinion on the effectiveness of Spray-Net's internal control.

This means that while the auditor assesses Spray Net's internal controls to plan the audit, they do not provide a separate, specific opinion on whether those controls are effective. This is a standard practice in financial audits, where the primary focus is on the fair presentation of the financial statements.

A prospective Spray Net franchisee should be aware that the audit report focuses on the accuracy of the financial statements, not on the strength of the company's internal controls. If a franchisee wants to assess the effectiveness of Spray Net's internal controls, they would need to conduct a separate investigation or seek additional information from the company.