With whom is the auditor required to communicate regarding the audit of Annex Brands?

According to Annex Brands' 2025 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance. This communication includes the planned scope and timing of the audit, significant audit findings, and certain internal control related matters identified during the audit.

For a prospective Annex Brands franchisee, this indicates that the company's financial audits are subject to scrutiny and oversight by an independent party. The auditor's responsibility to communicate with those charged with governance ensures that key stakeholders are informed about the audit process, findings, and any internal control issues. This promotes transparency and accountability in Annex Brands' financial reporting.

This communication helps to ensure the integrity and reliability of the financial statements, which are crucial for making informed business decisions. Franchisees can have more confidence in the financial health and stability of Annex Brands, as the audit process involves independent assessment and communication of important financial matters to relevant governing bodies.