factual

What is the significance of the location Melville, New York, in relation to the Engel & Volkers audit?

Engel_Volkers Franchise · 2025 FDD

Answer from 2025 FDD Document

Melville, New York

March 6, 2025

ENGEL & VÖLKERS AMERICAS, INC. AND SUBSIDIARY CONSOLIDATED BALANCE SHEETS DECEMBER 31, 2024 AND 2023

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

What This Means (2025 FDD)

According to Engel & Volkers' 2025 Franchise Disclosure Document, Melville, New York, is the location listed above the consolidated balance sheets and the date of March 6, 2025. This suggests that the audit was either conducted or finalized in Melville, New York, on that date. The document includes the consolidated balance sheets for December 31, 2024, and 2023.

The audit, conducted in accordance with generally accepted auditing standards, aims to provide reasonable assurance that the financial statements are free from material misstatement. The auditors exercise professional judgment and maintain skepticism, assess risks of misstatement due to fraud or error, and evaluate the appropriateness of accounting policies and estimates made by Engel & Volkers' management.

The audit also evaluates Engel & Volkers' ability to continue as a going concern. The auditor's report includes an opinion on whether the financial statements present fairly the financial position, results of operations, and cash flows of Engel & Volkers. This information is crucial for prospective franchisees to assess the financial health and stability of the franchisor before investing in a franchise.

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.