What city and state is Grant Thornton LLP based out of for the Aplus audit?
Aplus Franchise · 2024 FDDAnswer from 2024 FDD Document
/s/ GRANT THORNTON LLP
We have served as the Partnership's auditor since 2015.
Dallas, Texas February 16, 2024
Source: Item 22 — CONTRACTS (FDD page 68)
What This Means (2024 FDD)
According to Aplus's 2024 Franchise Disclosure Document, the audit firm Grant Thornton LLP has served as the Partnership's auditor since 2015. The document indicates that Grant Thornton LLP is based in Dallas, Texas. This information is included at the end of their audit opinion.
For a prospective Aplus franchisee, this indicates which firm is responsible for auditing the financial statements of the Aplus franchise. Franchisees rely on audited financial statements to assess the financial health and stability of the franchisor. Knowing the location of the auditor can be useful for verifying their credentials or contacting them for further information, although direct contact may not be permitted.
It is common practice for franchisors to use established accounting firms to audit their financial statements, as this adds credibility to the financial information presented in the FDD. Franchisees should carefully review the audited financial statements and consider seeking professional advice to fully understand the franchisor's financial condition.