What is the auditor's responsibility regarding the planned scope and timing of the audit for Aw?

According to Aw's 2025 Franchise Disclosure Document, the auditor, Muhammad Zubairy, CPA PC, is required to communicate with those charged with governance regarding the planned scope and timing of the audit. Additionally, the auditor must communicate significant audit findings and certain internal control-related matters identified during the audit. This communication ensures transparency and provides relevant information to those overseeing the financial governance of Aw.

This requirement ensures that the audit process is not conducted in isolation. By communicating the planned scope and timing, the auditor allows for input and coordination with those responsible for governance. Sharing significant audit findings helps to highlight any critical issues or discrepancies discovered during the audit. Furthermore, communicating internal control-related matters can lead to improvements in Aw's internal control systems.

For a prospective Aw franchisee, this indicates that the franchisor's financial statements are subject to a thorough and transparent audit process. The communication requirements imposed on the auditor help to ensure that any potential financial risks or issues are identified and addressed. This can provide a level of comfort and confidence in the financial stability and reporting practices of Aw.