factual

Who is the CPA responsible for the audit of Best Brains?

Best_Brains Franchise · 2025 FDD

Answer from 2025 FDD Document

Accutax Bizsolutions LLC Certified Public Accountant

Kalispell, Montana

Date: May 7, 2025

BALANCE SHEET December 31, 2024, and 2023

ASSETS


Nilesh Topiwala, CPA

Nelsh Topwale

Anil Malhotra & Co. Ltd

Mt. Prospect, IL

Date: May 1 ,2024

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 42)

What This Means (2025 FDD)

According to Best Brains' 2025 Franchise Disclosure Document, the CPA responsible for auditing the financial statements is Accutax Bizsolutions LLC, located in Kalispell, Montana. The audit report is dated May 7, 2025, and covers the balance sheet as of December 31, 2024, and 2023. This indicates that Accutax Bizsolutions LLC has performed an independent audit of Best Brains' financial records for the specified period.

In addition, the 2024 audit was performed by Nilesh Topiwala, CPA of Anil Malhotra & Co. Ltd located in Mt. Prospect, IL. The audit report is dated May 1, 2024.

Prospective franchisees should note that Best Brains provides audited financial statements for the fiscal years ending December 31, 2024, 2023, and 2022. However, the Balance Sheet as of March 31, 2025, and the Profit & Loss Statement for the period January 1, 2025 – March 31, 2025, are unaudited. This means these more recent financial statements have not been independently verified by a CPA. Franchisees should carefully review both the audited and unaudited statements to understand the financial health of Best Brains.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.