Who is the independent auditor for the Gokhale Method's financial statements?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
GOKHALE METHOD INSTITUTE, INC.
FINANCIAL STATEMENTS
For the Years Ended December 31, 2021 and 2020
with
INDEPENDENT AUDITORS' REPORT THEREON
FARBER HASS HURLEY LLP CERTIFIED PUBLIC ACCOUNTANTS
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 sheets as of December 31, 2021 and 2020, and the related statements of Income, changes in Stockholder's equity, and cash flows for the years then ended, and the related notes to the financial statements.
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 34)
What This Means (2024 FDD)
According to the 2024 Gokhale Method Franchise Disclosure Document, the independent auditor for the financial statements is Farber Hass Hurley LLP Certified Public Accountants. Their office is located at 9301 Oakdale Avenue, Suite 230 Chatsworth, CA 91311, and their website is www.fhhcpas.com. Their telephone number is (818) 895-1943, and their fax number is (818) 727-7700.
Farber Hass Hurley LLP audited the financial statements for the years ending December 31, 2021 and 2020. These statements include the balance sheets, income statements, statements of changes in stockholder's equity, and cash flow statements. The auditor's report confirms that the financial statements present fairly the financial position of Gokhale Method Institute, Inc. in accordance with accounting principles generally accepted in the United States of America.
Prospective franchisees should note that the presence of an independent auditor adds credibility to the financial statements. This indicates that a qualified third party has reviewed the financials and provided an opinion on their accuracy and fair presentation. Reviewing the auditor's report and the audited financial statements is a standard practice in franchise due diligence, helping potential franchisees assess the financial health and stability of the Gokhale Method franchise system.