Since when has Deloitte & Touche LLP served as The Standardx's auditor?
The_Standardx Franchise · 2025 FDDAnswer from 2025 FDD Document
We have served as the Company's auditor since 2003.
Source: Item 23 — Receipts (FDD pages 85–132)
What This Means (2025 FDD)
According to The Standardx's 2025 Franchise Disclosure Document, Deloitte & Touche LLP has served as the company's auditor since 2003. This indicates a long-standing relationship between The Standardx and its auditing firm.
Having a consistent auditor for an extended period can provide stability and familiarity with the company's financial practices. This can be beneficial for potential franchisees as it suggests that the financial statements have been reviewed by the same firm for a considerable time, potentially leading to a more thorough understanding of the company's financial health.
However, prospective franchisees should still conduct their own due diligence and consult with financial advisors to fully understand The Standardx's financial statements and the auditor's reports. While the tenure of the auditor can be a positive sign, it does not guarantee the absence of financial risks or issues.