With whom is the auditor required to communicate regarding the audit of Browns Chicken?
Browns_Chicken 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 21 — FINANCIAL STATEMENTS (FDD page 42)
What This Means (2025 FDD)
According to the 2025 FDD, the auditor for Browns Chicken is required to communicate with those charged with governance. This communication includes discussing the planned scope and timing of the audit.
Furthermore, the auditor must report significant audit findings to those charged with governance. This ensures that individuals overseeing the company's financial reporting are aware of any important issues discovered during the audit process.
Finally, the auditor is also obligated to communicate certain internal control-related matters identified during the audit. This provides those charged with governance with insights into the effectiveness of Browns Chicken's internal controls and any potential weaknesses that need to be addressed.