What specific financial statements of Gokhale Method Institute, Inc. were audited?
Gokhale_Method Franchise · 2024 FDDAnswer from 2024 FDD Document
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Opinion
We have audited the accompanying financial statements of Gokhale Method Institute, Inc. ("GMI" or the "Company"), which comprise the balance sheet as of December 31, 2023, and the related statements of income, 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, 2023, 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.
Source: Item 22 — CONTRACTS (FDD page 34)
What This Means (2024 FDD)
According to Gokhale Method's 2024 Franchise Disclosure Document, the financial statements for multiple years were audited by independent auditors. Specifically, the audits included the balance sheets, statements of income (or operations), changes in stockholder's equity, and cash flows, along with related notes.
For the year ending December 31, 2023, the audit covered the balance sheet, statements of income, changes in stockholder's equity, and cash flows. Similarly, for the year ending December 31, 2022, the audited financial statements included the balance sheet, statements of operations, changes in stockholder's equity, and cash flows.
Additionally, the FDD includes an independent auditor's report for the years ending December 31, 2021 and 2020. The audit encompassed the balance sheets as of December 31, 2021 and 2020, along with the statements of income, changes in stockholder's equity, and cash flows for those years.