Who is the auditing firm for Gokhale Method Institute, Inc.?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
Certified Public Accountants
9301 Oakdale Avenue, Suite 230 Chatsworth, CA 91311 www.fhhcpas.com Telephone: (818) 895-1943 Facsimile: (818) 727-7700
INDEPENDENT AUDITORS' REPORT
To the Board of Directors of Gokhale Method Institute, Inc. (a wholly owned subsidiary of Gokhale Method Enterprise, Inc.) Stanford, California
Opinion
We have audited the accompanying financial statements of Gokhale Method Institute, Inc., which comprise the balance sheet as of December 31, 2022, and the related statements of operations, changes in stockholder's equity, and cash flows for the year then ended, and the related notes to the financial statements.
In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of Gokhale Method Institute, Inc. as of December 31, 2022, and the results of its operations and its cash flows for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinion
We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of Gokhale Method Institute, Inc. and to meet our other ethical responsibilities in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the auditing firm is Farber Hass Hurley LLP. Their address is 9301 Oakdale Avenue, Suite 230 Chatsworth, CA 91311. The firm's website is fhhcpas.com, and their phone number is 818-895-1943, with a fax number of 818-727-7700.
Prospective franchisees should know that Gokhale Method includes audited financial statements in their FDD, which is a common practice among franchisors. These statements provide an overview of the company's financial health. The audit was conducted according to generally accepted auditing standards.
The auditor's report included in the FDD expresses an opinion on the fairness of Gokhale Method Institute, Inc.'s financial statements as of December 31, 2022, indicating that they present fairly the company's financial position, results of operations, and cash flows for the year then ended, in accordance with accounting principles generally accepted in the United States of America.
It is important for potential franchisees to review these audited financial statements and the auditor's opinion carefully, as they offer insights into the financial stability and performance of Gokhale Method. Consulting with a financial advisor to interpret these statements is advisable.