What is the auditor required to do regarding significant audit findings for Checkers?

According to Checkers' 2025 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance regarding the planned scope and timing of the audit, any significant audit findings, and certain internal control-related matters identified during the audit. This communication is a standard practice in auditing, ensuring that key stakeholders are informed of important aspects of the financial review.

For a prospective Checkers franchisee, this indicates that the company's financial audits are subject to scrutiny and that any significant issues discovered during the audit process are communicated to the appropriate governing bodies. This transparency can provide a level of assurance regarding the financial health and reporting practices of the company.

It is important to note that the auditor's role is to provide an opinion on the financial statements, not to guarantee their accuracy. The auditor's responsibilities include identifying and assessing risks of material misstatement, evaluating accounting policies, and assessing the overall presentation of the financial statements. The communication of significant audit findings is a part of ensuring that governance is aware of potential issues that could affect the company's financial standing.