With whom are the auditors required to communicate regarding the audit of Best Brains?

According to Best Brains' 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, significant audit findings, and certain internal control-related matters identified during the audit.

For a prospective Best Brains franchisee, this indicates that the audit process involves oversight from a governance body, ensuring that key aspects of the audit are communicated to those responsible for the overall direction and control of the company. This communication helps to ensure transparency and accountability in the financial reporting process.

The communication covers not only the broad plan and schedule of the audit but also specific findings and issues related to internal controls. This comprehensive approach helps those charged with governance to understand the financial health and operational effectiveness of Best Brains.

Prospective franchisees may want to inquire further about the specific composition of the governance body and the types of internal control matters that have been communicated in past audits to gain a better understanding of the company's financial oversight practices.