What is the auditor required to communicate to those charged with governance regarding the audit of Checkersrallys?

According to Checkersrallys's 2025 Franchise Disclosure Document, the auditor is required to communicate certain information to those charged with governance. This communication includes the planned scope and timing of the audit. Additionally, the auditor must report any significant audit findings discovered during the audit process. The auditor is also obligated to communicate certain internal control-related matters that were identified during the audit.

This requirement ensures transparency and accountability in the financial reporting process. By communicating the planned scope and timing, those charged with governance can understand the extent of the audit work being performed and can prepare accordingly. Reporting significant audit findings allows for timely corrective action to address any material misstatements or weaknesses in internal controls. Communicating internal control-related matters helps improve the overall effectiveness of the company's internal control systems.

For a prospective Checkersrallys franchisee, this indicates that the company's financial statements are subject to a thorough and transparent audit process. The communication requirements ensure that any potential issues or weaknesses are brought to the attention of those responsible for overseeing the company's financial reporting. This can provide a level of comfort and assurance regarding the reliability of the financial information presented in the FDD. Franchisees can also request further information on the scope and findings of the audit from Checkersrallys during their due diligence process.