What is the date of the auditor's report for Focalpoint Coaching?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
INDEPENDENT AUDITOR'S REPORT ON THE SUPPLEMENTARY INFORMATION
To the Board of Directors FocalPoint Coaching, Inc. Henderson, Nevada
Our report on our audits of the basic financial statements of FocalPoint Coaching, Inc. for the years ended December 31, 2024 and 2023 appear on pages 1 and 2. Those audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The schedules of net revenues, cost of revenues, general and administrative expenses on pages 18 through 19 are not a required part of the basic financial statements but are supplementary information required by accounting principles generally accepted in the United States of America. Such information is the responsibility of management and was derived from and relates directly to the underlying accounting and other records used to prepare the financial statements. The information has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.
Rich, Wightman & Company, CPAs, LLC
Las Vegas, Nevada
February 26, 2025
Source: Item 21 — Financial Statements (FDD page 56)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, the auditor's report on the supplementary information is dated February 26, 2025. This report is prepared by Rich, Wightman & Company, CPAs, LLC, located in Las Vegas, Nevada. The report references the audit of the basic financial statements for the years ending December 31, 2024, and December 31, 2023.
The supplementary information includes schedules of net revenues, cost of revenues, and general and administrative expenses. These schedules are not a required part of the basic financial statements but are included to comply with accounting principles generally accepted in the United States of America. Management is responsible for this information, which is derived from the company's underlying accounting records.
The auditor's report indicates that the supplementary information has been subjected to auditing procedures applied during the audit of the basic financial statements. In the auditor's opinion, the supplementary information is fairly stated in all material respects in relation to the basic financial statements taken as a whole. This provides assurance that the supplementary financial data aligns with and accurately reflects the company's overall financial position for the stated periods.