As of what date does the balance sheet audited in the Gokhale Method opinion for Gokhale Method Institute, Inc. apply?

According to Gokhale Method's 2024 Franchise Disclosure Document, the balance sheet audited in the opinion for Gokhale Method Institute, Inc. applies as of December 31, 2023. The independent auditors' report confirms that they audited the financial statements of Gokhale Method Institute, Inc., which include the balance sheet as of this date. The audit also covered the related statements of income, changes in stockholder's equity, and cash flows for the year then ended, along with the related notes to the financial statements.

This means that the financial position of Gokhale Method Institute, Inc. is presented fairly as of December 31, 2023, based on generally accepted accounting principles in the United States of America. Prospective franchisees can rely on this audited balance sheet to understand the company's financial standing at that specific point in time. It is important to note that this is a snapshot of the company's financials as of that date and may not reflect subsequent changes.

Furthermore, management evaluated subsequent events through April 19, 2024, the date on which the financial statements were available to be issued. Subsequent events are events or transactions that occur after the balance sheet date but before the financial statements are issued or are available to be issued. This evaluation helps ensure that any significant events that occurred after December 31, 2023, but before the statements were finalized, are considered. This provides additional assurance that the financial statements reflect the most current information available.