Who is the certified public accountant for Best Brains?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
Accutax Bizsolutions LLC Certified Public Accountant
Kalispell, Montana
Date: May 7, 2025
BALANCE SHEET December 31, 2024, and 2023
ASSETS
ANIL MALHOTRA & CO. LTD.
CERTIFIED PUBLIC ACCOUNTANTS 419 EAST EUCLID AVENUE, MT PROSPECT, IL. 60056 TEL 847-873-1256; FAX 847-241-0034
INDEPENDENT AUDITOR'S REPORT
To the Board of Directors
Best Brains Inc
135 East Algonquin Rd
Arlington Heights, IL
Opinion
We have audited the accompanying financial statements of Best Brains Inc (an Illinois corporation), which comprise the balance sheets as of December 31, 2023 and the related statements of income, retained earnings, and cash flows for the years then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Best Brains Inc as of December 31, 2023 and the results of its operations and its cash flows for the years then ended in accordance with accounting principles generally accepted in the United States of America.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to Best Brains' 2025 Franchise Disclosure Document, there are two accounting firms associated with their financial statements. Accutax Bizsolutions LLC, located in Kalispell, Montana, is listed as a Certified Public Accountant. Additionally, Anil Malhotra & Co. Ltd., based in Mt. Prospect, IL, is also listed as Certified Public Accountants.
Accutax Bizsolutions LLC's report is dated May 7, 2025. Their audit adheres to generally accepted auditing standards, involving professional judgment, risk assessment, and an understanding of internal controls. However, they do not express an opinion on the effectiveness of Best Brains Inc's internal control. Their responsibilities include evaluating accounting policies, the reasonableness of management's estimates, and the overall presentation of financial statements.
Anil Malhotra & Co. Ltd. states that they have audited the financial statements of Best Brains Inc, which include balance sheets as of December 31, 2023, and related statements of income, retained earnings, and cash flows for the years then ended. Their opinion is that these financial statements present fairly the financial position of Best Brains Inc as of December 31, 2023, in accordance with accounting principles generally accepted in the United States of America.