What are the auditors required to communicate with those charged with governance regarding Bhc, among other matters?
Bhc 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 23 — Receipts (FDD pages 52–230)
What This Means (2025 FDD)
According to Bhc's 2025 Franchise Disclosure Document, the auditors are required to communicate with those charged with governance on several key aspects of the audit. These include the planned scope and timing of the audit, ensuring that those overseeing Bhc's governance are aware of the audit's timeline and breadth.
Additionally, the auditors must report any significant audit findings to the governance body. This ensures that important issues discovered during the audit are promptly brought to the attention of those responsible for Bhc's oversight.
Finally, the auditors are obligated to communicate certain internal control-related matters that they identify during the audit. This provides valuable feedback on the effectiveness of Bhc's internal controls and helps the governance body to address any weaknesses or deficiencies.