What is the name of the CPA firm that audited the financial statements of Focalpoint Coaching, and where are they located?
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 CPA firm that audited the company's financial statements is Rich, Wightman & Company, CPAs, LLC, and they are located in Las Vegas, Nevada. This firm provided an independent auditor's report on the supplementary information included in the FDD. Their report covers the audits of Focalpoint Coaching's basic financial statements for the years ended December 31, 2024, and 2023.
The auditor's report confirms that the supplementary information, such as schedules of net revenues, cost of revenues, and general and administrative expenses, has been subjected to auditing procedures. According to Rich, Wightman & Company, CPAs, LLC, this information is fairly stated in all material respects in relation to the basic financial statements taken as a whole. This indicates that the CPA firm has reviewed the underlying accounting records and believes the supplementary information accurately reflects the company's financial performance.
For a prospective Focalpoint Coaching franchisee, knowing the identity and location of the CPA firm that audits the financial statements provides a means of verifying the franchisor's financial information. A franchisee might research the CPA firm to assess their reputation and credibility. This information contributes to a franchisee's overall due diligence when evaluating the financial stability and performance of Focalpoint Coaching.