What date is the auditor's report for Gokhale Method dated?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
Management has evaluated subsequent events through April 19, 2024, the date on which the financial statements were available to be issued.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the management of Gokhale Method Institute, Inc. evaluated subsequent events through April 19, 2024. This date represents the point up to which management assessed events that occurred after the balance sheet date (December 31, 2022) but before the financial statements were issued or available to be issued.
This evaluation is crucial for ensuring that the financial statements accurately reflect the company's financial condition. Subsequent events that provide additional evidence about conditions existing at the balance sheet date are recognized in the financial statements. However, events that indicate conditions arising after the balance sheet date are not recognized.
For a prospective franchisee, this date indicates the recency and thoroughness of the financial review. It's important to note that the auditor's report itself is included with the financial statements, providing an independent opinion on the fairness of the presentation of Gokhale Method Institute, Inc.'s financial position.