What is the auditor required to communicate to those charged with governance at Bens Soft Pretzels?
Bens_Soft_Pretzels 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 46)
What This Means (2025 FDD)
According to the 2025 FDD, the auditor for Bens Soft Pretzels is required to communicate certain information to those charged with governance. This communication includes the planned scope and timing of the audit, which allows the governing body to understand the extent and schedule of the audit activities.
Additionally, the auditor must report any significant audit findings. These findings could include issues identified during the audit process that are important to the financial statements or internal controls of Bens Soft Pretzels.
Finally, the auditor is required to communicate certain internal control-related matters that were identified during the audit. This provides those charged with governance with insights into the effectiveness of the company's internal controls and any weaknesses that may need to be addressed.