With whom is the auditor required to communicate regarding the audit of Cd One Price Cleaners?

According to the 2025 FDD, the auditor for Cd One Price Cleaners 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. Furthermore, the auditor must discuss certain internal control-related matters identified during the audit.

For a prospective Cd One Price Cleaners franchisee, this indicates that the franchisor's financial audits are subject to scrutiny and oversight by an independent auditor. The auditor's responsibility to communicate with those charged with governance ensures that key stakeholders are informed about the audit process, findings, and any internal control issues. This promotes transparency and accountability in the financial reporting of Cd One Price Cleaners.

This communication helps to ensure that any potential financial risks or irregularities are identified and addressed promptly. Franchisees can take comfort in knowing that the franchisor's financial statements are regularly audited and that the audit process involves communication with relevant parties to maintain the integrity of the financial information. This is a standard practice in franchise systems to maintain financial health and transparency.