With whom is the auditor required to communicate regarding the Carbones Pizzeria audit?
Carbones_Pizzeria 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 22 — CONTRACTS (FDD page 30)
What This Means (2025 FDD)
According to the 2025 Carbones Pizzeria FDD, the auditor 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 any significant findings discovered during the audit. These findings could relate to accounting practices, internal controls, or potential risks identified within Carbones Pizzeria's financial operations.
In addition to audit findings, the auditor is also obligated to communicate about specific internal control-related issues they identify while conducting the audit. This ensures that those overseeing the company's governance are informed about any weaknesses or areas needing improvement in Carbones Pizzeria's internal control systems.