Until what date did Engel & Volkers evaluate subsequent events for their consolidated financial statements?

According to Engel & Volkers' 2025 Franchise Disclosure Document, the company evaluated subsequent events through March 6, 2025. This date represents the cutoff for considering events that occurred after the balance sheet date (December 31, 2024) but before the financial statements were issued. The purpose of this evaluation is to identify any events that could materially affect the company's financial position and require either recognition or disclosure in the financial statements.

For a prospective Engel & Volkers franchisee, this information is relevant because it provides insight into the thoroughness of the company's financial reporting practices. The evaluation of subsequent events helps ensure that the financial statements accurately reflect the company's financial condition and performance. This is a standard accounting practice, and the fact that Engel & Volkers performed this evaluation through March 6, 2025, indicates that they are adhering to generally accepted accounting principles.

The FDD states that, except as disclosed in Note 11, there were no material subsequent events that required recognition or additional disclosure in these consolidated financial statements. This suggests that no significant events occurred during the period that would have a substantial impact on the company's financial position. Note 11 was not included in the provided excerpts.

It is important for potential franchisees to review the full financial statements and related notes, including Note 11, to gain a comprehensive understanding of Engel & Volkers' financial condition and any potential risks or opportunities. Understanding the company's accounting practices and financial reporting is a crucial part of the due diligence process before investing in a franchise.