factual

What location is associated with the Engel & Volkers auditor's report?

Engel_Volkers Franchise · 2025 FDD

Answer from 2025 FDD Document

Melville, New York

March 6, 2025

Source: Item 21 — FINANCIAL STATEMENTS (FDD page 88)

What This Means (2025 FDD)

According to Engel & Volkers' 2025 Franchise Disclosure Document, the auditor's report is associated with Melville, New York. This indicates the location where the audit was conducted and the report was issued. The auditor's report is a crucial component of the financial statements, providing an independent opinion on the fairness and accuracy of Engel & Volkers' financial reporting.

For a prospective franchisee, the auditor's location may not be directly relevant to their day-to-day operations. However, it provides insight into the geographic scope of Engel & Volkers' corporate oversight and financial management. The fact that the audit was performed in Melville, New York, suggests that Engel & Volkers maintains a significant presence or operations in that area.

Understanding the auditor's report and its implications is essential for franchisees as it reflects the financial health and stability of Engel & Volkers. While the location of the auditor itself might not be a critical factor, the overall audit findings can influence a franchisee's confidence in the brand and its financial management practices. Therefore, prospective franchisees should focus on reviewing the complete audited financial statements and understanding the auditor's opinion rather than focusing solely on the auditor's location.

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.