Who is the independent auditor for Best Brains Inc.?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
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
ACCUTAX BIZSOLUTIONS LLC
Address: 1001 S. MAIN ST. STE 600 KALISPELL, MT 59901 Phone: (646) 543-5898
INDEPENDENT AUDITOR'S REPORT
To, The Board of Directors, Best Brains Inc. 135 East Algonquin Rd Arlington Heights, IL
Accutax Bizsolutions LLC Certified Public Accountant
Kalispell, Montana
Date: May 7, 2025
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, there appear to be two different independent auditors who have provided reports. For the financial statements as of December 31, 2023, the independent auditor was Anil Malhotra & Co. Ltd., located in Mt. Prospect, IL. Nilesh Topiwala, CPA, also signed the auditor's report on behalf of Anil Malhotra & Co. Ltd.
For the financial statements as of December 31, 2024, and 2023, the independent auditor was Accutax Bizsolutions LLC, located in Kalispell, MT. The audit report from Accutax Bizsolutions LLC is dated May 7, 2025.
Prospective franchisees should note the change in auditors and may wish to inquire with Best Brains about the reason for this change. Understanding the rationale behind auditor changes can provide valuable insight into the company's financial oversight and management practices.