What are auditors required to communicate to those charged with governance regarding the audit of Chesters?

According to the 2025 FDD, the auditors for Chesters are required to communicate certain information to those charged with governance. This communication includes the planned scope and timing of the audits. This means that the auditors must inform the governing body about the extent of the audit work they intend to perform and when they plan to carry it out.

Additionally, the auditors must report any significant audit findings. This would include any material misstatements or irregularities discovered during the audit process. Furthermore, the auditors are required to communicate certain internal control-related matters that they identified during the audits. This involves reporting any weaknesses or deficiencies in Chesters' internal controls that could affect the accuracy and reliability of its financial reporting.

For a prospective franchisee, this indicates that the financial statements have been reviewed by an independent auditor, and the audit process includes communication with those charged with governance regarding the scope, findings, and internal control matters. This provides a level of assurance that the financial information presented by Chesters has been thoroughly examined and that any significant issues have been reported to the appropriate parties.