What is the auditor required to communicate to those charged with governance regarding the audit of Bambu?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control-related matters that we identified during the audit.
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to the 2025 FDD, the auditor is required to communicate with those charged with governance regarding several aspects of the audit. These include the planned scope and timing of the audit, ensuring that those involved are aware of the audit's extent and schedule.
Additionally, the auditor must communicate significant audit findings. This involves reporting any important issues or discrepancies discovered during the audit process to the relevant governing parties.
Finally, the auditor is required to communicate certain internal control-related matters that were identified during the audit. This ensures that any weaknesses or issues in the company's internal controls are brought to the attention of those in charge of governance, allowing for necessary improvements and adjustments.