What ethical requirements are the auditors of Spray Net required to meet in relation to their audits?

According to Spray Net's 2025 Franchise Disclosure Document, the auditors must adhere to specific ethical requirements. The independent auditor, Muhammad Zubairy, CPA PC, conducted the audits in accordance with auditing standards generally accepted in the United States of America (GAAS). As part of these standards, the auditor is explicitly required to be independent of Spray-Net, Inc. This independence ensures that the auditor's judgment and objectivity are not compromised during the audit process.

In addition to independence, the auditor must also meet other ethical responsibilities in accordance with the relevant ethical requirements pertaining to the audits. These responsibilities ensure that the auditor conducts the audit with integrity, objectivity, and professional skepticism. The auditor's report states that the audit evidence obtained is believed to be sufficient and appropriate to provide a basis for the audit opinion, indicating a thorough and ethical approach to the audit.

These ethical requirements are crucial for maintaining the credibility and reliability of Spray Net's financial statements. By adhering to GAAS and relevant ethical standards, the auditor provides assurance that the financial statements present fairly, in all material respects, the financial position, results of operations, and cash flows of Spray Net. This assurance is important for prospective franchisees, investors, and other stakeholders who rely on these financial statements to make informed decisions.