What standards were the audits of Spray Net, Inc. conducted in accordance with?

According to Spray Net's 2025 Franchise Disclosure Document, the company's financial statements were audited in accordance with auditing standards generally accepted in the United States of America (GAAS). This means that the independent auditor, Muhammad Zubairy, CPA PC, followed a specific set of guidelines and procedures to ensure the fairness and accuracy of Spray Net's financial statements. These standards are designed to provide reasonable assurance that the financial statements are free from material misstatement.

The auditor's responsibilities under GAAS include exercising professional judgment, maintaining professional skepticism, identifying and assessing risks of material misstatement, and obtaining an understanding of Spray Net's internal controls. The auditor examines evidence regarding the amounts and disclosures in the financial statements on a test basis and evaluates the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management. The auditor also has to conclude whether there are conditions or events that raise substantial doubt about Spray Net's ability to continue as a going concern.

For a prospective Spray Net franchisee, this information indicates that the financial statements have been reviewed by an independent professional, adding a level of credibility. Understanding that the audit was conducted under GAAS provides assurance that standardized and accepted procedures were followed. This can be important for making informed decisions about investing in a Spray Net franchise.