What is the auditor required to 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 with those charged with governance. This communication includes the planned scope and timing of the audit.
Additionally, the auditor must communicate significant audit findings to those charged with governance. These findings could include issues identified during the audit process that are deemed important and relevant to the oversight of the financial reporting process.
The auditor is also required to communicate certain internal control-related matters that were identified during the audit. This involves informing those charged with governance about any weaknesses or deficiencies in internal controls that could impact the accuracy and reliability of the financial statements.