With whom is the auditor required to communicate regarding the audit of Boulder Designs?

According to Boulder Designs' 2025 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance. This communication includes discussing the planned scope and timing of the audit, any significant findings discovered during the audit, and certain matters related to internal control that were identified during the auditing process.

For a prospective Boulder Designs franchisee, this means that the financial statements of the company are subject to scrutiny by an independent auditor. The auditor's responsibility extends to informing the governing body of Boulder Designs about key aspects and findings of the audit. This process helps ensure transparency and accountability in the company's financial reporting.

This communication helps to maintain the integrity of the audit process and provides an additional layer of oversight for the financial health of Boulder Designs. Franchisees can take comfort in knowing that the franchisor's financial statements are regularly reviewed and that any significant issues are communicated to those in charge of governance.