With whom is the auditor required to communicate regarding the audit of The C12 Group, LLC?

According to the 2025 C12 Group 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 involves sharing significant audit findings and certain internal control related matters that the auditor identifies during the audit.

For a prospective C12 Group franchisee, this indicates that the financial statements are subject to independent review and that the auditor has specific communication responsibilities to ensure proper oversight. The phrase "those charged with governance" typically refers to the board of directors or a similar governing body responsible for the oversight of the company's financial reporting process.

This requirement helps ensure transparency and accountability in the financial reporting process of C12 Group. It also provides a mechanism for addressing any concerns or issues identified during the audit with the appropriate individuals responsible for governance.