factual

With whom are the auditors required to communicate regarding the audit of Bath Tune Up?

Bath_Tune_Up Franchise · 2025 FDD

Answer 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 21 — FINANCIAL STATEMENTS (FDD pages 51–52)

What This Means (2025 FDD)

According to Bath Tune Up's 2025 Franchise Disclosure Document, the auditors are required to communicate with those charged with governance. This communication includes discussing the planned scope and timing of the audit. It also involves sharing significant audit findings and certain internal control-related matters identified during the audit.

For a Bath Tune Up franchisee, this indicates that the audit process is transparent and overseen by a governance structure. The communication ensures that key stakeholders are informed about the audit's progress, findings, and any issues related to internal controls. This can provide a level of assurance regarding the financial health and operational integrity of Bath Tune Up.

This requirement aligns with standard auditing practices, ensuring that audits are thorough and that findings are properly communicated to relevant parties for appropriate action. Franchisees can take comfort in knowing that the financial statements are subject to scrutiny and that any significant issues will be brought to the attention of those in charge of governance.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.