With whom is the auditor required to communicate regarding the audit of Bombs Away?

According to Bombs Away's 2024 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. It also covers significant audit findings and certain internal control-related matters identified during the audit.

For a prospective Bombs Away franchisee, this indicates that the audit process involves transparency and communication with the individuals or groups responsible for overseeing the company's financial management. This governance structure ensures that important information about the financial health and internal controls of Bombs Away is shared with the appropriate parties.

This communication helps maintain the integrity and reliability of the financial statements. It also provides an additional layer of oversight, which can be beneficial for franchisees who rely on the accuracy of the financial information provided by Bombs Away.