What are the auditors required to communicate to those charged with governance at Aerus regarding the audit?

Based on the 2025 FDD, the excerpt provided does not contain specific details regarding what the auditors are required to communicate to those charged with governance at Aerus. However, the document does outline the auditor's responsibilities for the audit of the financial statements. These responsibilities include conducting the audit in accordance with auditing standards generally accepted in the United States of America, maintaining independence from the company, and meeting ethical responsibilities related to the audit. The auditors also need to obtain sufficient and appropriate audit evidence to provide a basis for their opinion.

While the FDD details the auditor's responsibilities and the scope of their work, it omits the specifics of communication with the governance structure of Aerus. This is a crucial aspect of corporate governance, as it ensures that those responsible for overseeing the company are informed about the audit's progress, findings, and any significant issues that may arise.

A prospective Aerus franchisee should inquire with Aerus about the specifics of the auditor's communication requirements with those charged with governance. Understanding the nature and frequency of these communications can provide valuable insight into the company's financial oversight and risk management practices. Specifically, a potential franchisee may want to ask about the types of matters communicated, the frequency of communication, and the process for addressing any concerns raised by the auditors.