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Mohamed Metwally, CPA

Mohamed founded Metwally CPA PLLC in 2020 in the Dallas-Fort Worth metropolitan area. He holds active CPA license in the state of Texas and California. Mohamed is the firm’s Executive Director. Mohamed has a Master of Science (M.S.) degree in Accounting from University of Dallas. He has extensive assurance experience in a wide variety of industries, and he also devotes considerable time consulting and working with organizations and CPA firms on internal controls, audit quality, automation, and accounting best practices. He has over 15 years of audit experience. Prior to founding the firm, Mohamed worked for big 4 and national firms for over than 10 years in the assurance practice. Mohamed worked on private clients as well as public clients and specialized in financial services sector. He is a member of the Texas CPA Practice Issues, Diversity and Inclusion, and Governmental Accounting and Single Audits Conference Committees of Texas Society of CPAs. Mohamed is a member of the American Institute of Certified Public Accountants, member of the AICPA small business group, member of the American institute of Certified Management Accountants, and Texas Society of Certified Public Accountants.

What are the FDD Financial Statement Requirements for a Franchise?

Franchise /

If you want to start a franchise, familiarizing yourself with the FTC rule is essential. The Federal Trade Commission (FTC) requires franchisors to provide financial statements as part of the item 21 Franchise disclosure document at least 14 days before a franchisee signs any agreement. Failure to provide the proper documents attracts strict sanctions as […]

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How to Prepare for a Financial Audit

General /

Generally, all businesses undergo financial audits, and the franchise business isn’t an exception. An audit helps determine a franchise business’s financial health and identify bookkeeping malpractices. In addition, audited financial statements also serve as disclosure documents in item 21 of the Franchise disclosure document.   When is a Financial Statement Audit successful?   A franchise

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Franchisors’ Financial Statements Audit for FDD

Franchise /

What You Need to Know   A financial statement audit appraises the franchise’s financial practices and records to determine its financial health. The franchise financial statement is necessary for FDD registration and renewal. A franchisee also leverages it to evaluate a franchise’s profitability before signing or making any financial commitment. As a Franchisor, it’s essential

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ASC 606 Revenue Recognition For Franchisors

Articles, Franchise /

What You need to know   A challenge in Franchisor accounting is the complex industry-specific guidance for revenue recognition. In response to the challenge, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) developed the Revenue recognition ASC 606 standards. The goal of the new accounting standard is to provide a

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