Who is the auditing firm for Healthsource Chiropractic, LLC?
Healthsource_Chiropractic Franchise · 2025 FDDAnswer from 2025 FDD Document
Park & Illenberger, CPA's, Inc.
Lorain, Ohio March 26, 2025
Source: Item 23 — Receipts (FDD pages 77–282)
What This Means (2025 FDD)
According to HealthSource Chiropractic's 2025 Franchise Disclosure Document, the independent auditing firm is Park & Illenberger, CPA's, Inc., located in Lorain, Ohio. Their audit report is dated March 26, 2025, indicating they performed the audit and issued their opinion on the financial statements of HealthSource Chiropractic, LLC.
Park & Illenberger, CPA's, Inc. conducted their audits in accordance with generally accepted auditing standards in the United States of America. Their responsibilities included obtaining reasonable assurance that the financial statements were free from material misstatement, whether due to fraud or error, and issuing an auditor's report that includes their opinion.
The audit involved exercising professional judgment, assessing risks of material misstatement, examining evidence, understanding internal control, evaluating accounting policies, and concluding on HealthSource Chiropractic's ability to continue as a going concern. They also communicated with those charged with governance regarding the audit's scope, timing, significant findings, and internal control matters.
For a prospective franchisee, this information confirms that HealthSource Chiropractic has its financial statements independently audited by a certified public accounting firm. Reviewing the auditor's report and the audited financial statements can provide additional comfort regarding the financial health and stability of the franchisor.