A franchise audit is an appraisal of a franchise’s business financial health by either an external, internal, or independent auditor. Furthermore, an audit gives a snapshot of the franchise’s assets, liabilities, and financial health.  An audited financial statement is part of the item 21 franchise disclosure document, and you must get a good verdict to

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