With whom are the auditors required to communicate regarding the audit of Bumble Roofing?

According to the 2025 FDD, the auditors for Bumble Roofing's parent company, Outdoor Living Brands Holdco, LLC, are required to communicate with those charged with governance. This communication includes discussing the planned scope and timing of the audit, any significant findings that arise during the audit, and certain matters related to internal control that the auditors identify.

For a prospective Bumble Roofing franchisee, this means that the audit process involves oversight from a governance body that receives direct communication from the auditors. This helps ensure transparency and accountability in the financial reporting of Bumble Roofing's parent company. The communication covers not only the broad plan of the audit but also specific issues that come to light, such as internal control weaknesses.

This requirement aligns with standard auditing practices, where auditors are expected to keep those in charge of governance informed about the audit process and its outcomes. This helps to maintain the integrity of the financial statements and provides an additional layer of oversight. Franchisees can take comfort in knowing that the financial health of the parent company is subject to scrutiny and that any significant issues are communicated to those responsible for governance.