Who is responsible for the Zoomin Groomin USA LLC financial statements?
Zoomin_Groomin Franchise · 2025 FDDAnswer from 2025 FDD Document
Management is responsible for the preparation and fair presentation of the financial statements in accordance with generally accepted accounting principles in the Unites 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.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about Zoomin Groomin USA LLC's ability to continue as a going concern within one year after the date that the financial statements are available to be issued.
Source: Item 9 — 01. Financial Statements and Exhibits. (FDD pages 68–156)
What This Means (2025 FDD)
According to the 2025 Zoomin Groomin FDD, management is responsible for the preparation and fair presentation of the financial statements. This includes ensuring the statements comply with generally accepted accounting principles in the United States of America. Management is also responsible for designing, implementing, and maintaining internal controls relevant to preparing and presenting financial statements that are free from material misstatement, whether due to fraud or error.
Additionally, Zoomin Groomin's management must evaluate whether conditions or events, considered in the aggregate, raise substantial doubt about the company's ability to continue as a going concern within one year after the date that the financial statements are available to be issued.
DASH Business Solutions, LLC conducted an audit of Zoomin Groomin USA LLC's financial statements. Their responsibilities included obtaining reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and issuing an auditor's report that includes their opinion. DASH Business Solutions, LLC stated that they are required to be independent of Zoomin Groomin USA LLC and meet other ethical responsibilities in accordance with the relevant ethical requirements relating to the audit.