What ethical requirements are the auditors of Bojangles required to meet in relation to their audit?
Bojangles Franchise · 2025 FDDAnswer from 2025 FDD Document
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (US GAAS). Our responsibilities under those standards are further described in the Auditors' Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
Source: Item 22 — CONTRACTS (FDD page 82)
What This Means (2025 FDD)
According to Bojangles's 2025 Franchise Disclosure Document, the auditors are required to be independent of the company and to meet other ethical responsibilities in accordance with the relevant ethical requirements relating to their audit. Furthermore, the auditors are required to conduct their audit in accordance with auditing standards generally accepted in the United States of America (US GAAS).
This requirement ensures that the audit is conducted with integrity and objectivity, providing a level of assurance to Bojangles and its stakeholders regarding the accuracy and reliability of the financial statements. The auditors' adherence to these standards helps to maintain the credibility of the financial reporting process.
For a prospective Bojangles franchisee, this indicates that the financial information provided by the company has been reviewed by an independent party who is bound by ethical and professional standards. This can provide some comfort that the financial data presented is reasonably accurate and reliable, which is crucial for making informed investment decisions.