What is the auditor's responsibility to communicate with those charged with governance regarding Bang Cookies?

According to Bang Cookies' 2024 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance regarding several key aspects of the audit. This communication ensures transparency and accountability in the financial oversight of Bang Cookies.

Specifically, the auditor must discuss the planned scope and timing of the audit. This allows those charged with governance to understand the extent and schedule of the audit procedures. Additionally, the auditor is obligated to report significant audit findings, which include any material misstatements or irregularities detected during the audit process.

Furthermore, the auditor is required to communicate certain internal control-related matters identified during the audit. This involves reporting any weaknesses or deficiencies in Bang Cookies' internal controls that could impact the reliability of its financial reporting. This communication helps those charged with governance to address these issues and improve the overall control environment.