What date is the auditor's report for Focalpoint Coaching dated?
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 supplements the basic financial statements for the years ended December 31, 2024, and 2023. The audit was conducted to form an opinion on these financial statements taken as a whole.
The supplementary information includes schedules of net revenues, cost of revenues, and general and administrative expenses. According to accounting principles generally accepted in the United States of America, this information is not a required part of the basic financial statements. However, it is considered supplementary information.
The responsibility for this information lies with Focalpoint Coaching's management, who derived it directly from the company's underlying accounting and other records. The auditing procedures applied to the basic financial statements also covered this supplementary information. The auditor, Rich, Wightman & Company, CPAs, LLC, based in Las Vegas, Nevada, has issued an opinion that the supplementary information is fairly stated in all material respects in relation to the basic financial statements.