What is the auditor's responsibility regarding the planned timing of the audit for C12 Group?

According to C12 Group's 2025 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance regarding the planned timing of the audit. This communication is part of a broader set of responsibilities that also includes discussing the planned scope of the audit, significant audit findings, and certain internal control-related matters identified during the audit.

For a prospective C12 Group franchisee, this indicates that the audit process is subject to oversight and communication with relevant governing bodies. The planned timing of the audit is not determined unilaterally by the auditor but is discussed and coordinated with those responsible for governance. This helps ensure that the audit is conducted at an appropriate time and in a manner that aligns with the needs and expectations of the governing body.

This requirement promotes transparency and accountability in the audit process, as the auditor must keep the governing body informed of key aspects of the audit. While the FDD excerpt does not specify the exact criteria used to determine the planned timing, it highlights the importance of communication and coordination between the auditor and those charged with governance. This can give franchisees confidence that the financial statements are being rigorously and independently reviewed.