With whom is the auditor required to communicate regarding the audit of Aunt Millies Bakeries?

According to Aunt Millies Bakeries' 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. It also includes significant audit findings and certain internal control-related matters identified during the audit.

For a prospective Aunt Millies Bakeries franchisee, this indicates that the company's financial audits are overseen by a governing body that receives direct communication from the auditor. This ensures that key stakeholders are informed about the audit's progress, findings, and any issues related to internal controls.

This level of communication helps maintain transparency and accountability in the financial reporting process. It also allows for timely intervention and corrective action if any significant issues are identified during the audit. Franchisees can take comfort in knowing that the financial health of Aunt Millies Bakeries is subject to scrutiny and that any potential problems are communicated to those in charge.