Since what year has Grant Thornton LLP served as Aplus's auditor?
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, Grant Thornton LLP has served as the Partnership's auditor since 2015. This indicates that Grant Thornton LLP has been responsible for auditing the financial statements of Aplus or its parent company for at least nine years, providing a level of consistency in financial oversight.
For a prospective franchisee, knowing the tenure of the auditor can provide some insight into the stability and transparency of the financial reporting. A longer relationship between a company and its auditor may suggest a deeper understanding of the business's financial practices.
However, franchisees should not rely solely on the auditor's tenure when making investment decisions. It is essential to conduct thorough due diligence, including reviewing the audited financial statements and seeking independent financial advice, to fully assess the financial health and risks associated with investing in an Aplus franchise.