What communication is required between the auditors and those charged with governance at Bojangles regarding the audit of the consolidated financial statements?
Bojangles 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 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles' 2025 Franchise Disclosure Document, the company's auditors must communicate with those charged with governance. This communication covers several key aspects of the audit process. These include the planned scope and timing of the audit, ensuring that those overseeing the company are aware of the audit's extent and schedule.
Additionally, the auditors are required to report any significant findings that arise during the audit. This ensures that governance has a clear understanding of any important issues identified. The communication also extends to internal control-related matters that the auditors identify during their work.
This communication requirement ensures transparency and accountability in the financial oversight of Bojangles. It allows those charged with governance to stay informed about the audit process, its findings, and any internal control weaknesses that need attention. This is a standard practice in corporate governance, designed to promote sound financial management and reporting.