With whom is the auditor required to communicate regarding the audit of Carbones Pizzeria?
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 FDD, Carbones Pizzeria's auditor is required to communicate with those charged with governance. This communication includes discussing the planned scope and timing of the audit.
Additionally, the auditor must communicate any significant audit findings that arise during the audit process. This ensures that those overseeing the company are aware of any important issues identified by the auditor.
Finally, the auditor is also required to communicate certain internal control-related matters that are identified during the audit. This helps to improve the company's internal controls and prevent future issues.