What does the auditor communicate to those charged with governance regarding the audit of Beggars Pizza?
Beggars_Pizza 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 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Beggars Pizza's 2025 Franchise Disclosure Document, the auditor is required to communicate certain information to those charged with governance. This communication includes the planned scope and timing of the audit, ensuring that those overseeing the organization are aware of the audit's extent and schedule.
Furthermore, the auditor must report any significant audit findings to the governance. This ensures that important issues discovered during the audit are promptly brought to the attention of those responsible for the organization's oversight.
Lastly, the auditor is obligated to communicate certain internal control-related matters identified during the audit. This provides valuable insights into the effectiveness of the company's internal controls and any weaknesses that may need to be addressed. These communications are crucial for maintaining transparency and accountability in the financial reporting process of Beggars Pizza.