What is the date of the auditor's report for Gokhale Method's financial statements?
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.
GOKHALE METHOD INSTITUTE, INC.
FINANCIAL STATEMENTS
For the Year Ended December 31, 2022
with
INDEPENDENT AUDITORS' REPORT THEREON
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, which is the date the financial statements were available to be issued. This evaluation period extends from after the balance sheet date to before the financial statements are officially released.
This means that the auditor's report, which accompanies these financial statements, would likely be dated on or around April 19, 2024, as this is the date management finalized its assessment of events that could impact the financial statements. Subsequent events, as defined in the notes, include any occurrences or transactions that happen after the balance sheet date but before the statements are issued.
For a prospective Gokhale Method franchisee, this date is important because it indicates how current the financial information is. The later the date, the more up-to-date the information, which can provide a clearer picture of the company's financial health and stability. It is also important to note that the auditor's report covers the financial year ending December 31, 2022.