What is the auditor's responsibility regarding the communication of significant audit findings to those charged with governance for Checkersrallys?

According to Checkersrallys's 2025 Franchise Disclosure Document, the auditor has specific communication responsibilities. As part of performing an audit in accordance with US GAAS (Generally Accepted Auditing Standards), the auditor is required to communicate with those charged with governance. This communication includes several key aspects of the audit process.

The auditor must inform those charged with governance about the planned scope and timing of the audit. This provides transparency and allows for any necessary coordination or input from the governance body. Furthermore, the auditor is obligated to report any significant audit findings that arise during the audit. These findings could include issues related to financial reporting, internal controls, or compliance with regulations.

In addition to significant audit findings, the auditor must also communicate certain internal control-related matters that were identified during the audit. This is crucial for ensuring that those charged with governance are aware of any weaknesses or deficiencies in the company's internal control systems. By communicating these matters, the auditor helps to facilitate improvements in internal controls and reduce the risk of errors or fraud. This communication ensures that the appropriate parties are informed of important aspects of the audit and any potential issues that may arise.