What is the auditor's responsibility regarding the communication of the planned scope of the audit for Checkersrallys?

According to Checkersrallys's 2025 Franchise Disclosure Document, the auditor has specific communication responsibilities to those charged with governance. These responsibilities include informing them about the planned scope and timing of the audit. Additionally, the auditor must communicate any significant findings discovered during the audit. The auditor is also obligated to report on certain internal control-related matters identified during the audit process.

This communication ensures that those overseeing Checkersrallys's financial governance are well-informed about the audit's strategy, progress, and outcomes. It also provides transparency regarding any weaknesses or issues found within the company's internal controls. This allows for timely corrective actions and improvements in financial reporting practices.

For a prospective Checkersrallys franchisee, this indicates that the franchisor's financial statements are subject to a rigorous audit process with oversight by an independent auditor. The communication requirements ensure that any potential financial risks or irregularities are promptly identified and addressed, which can provide a level of assurance regarding the financial health and stability of the franchise system.