With whom is the auditor required to communicate regarding the audit of Chocolate Bash?

According to Chocolate Bash's 2024 Franchise Disclosure Document, the auditor, Omar Alnuaimi, CPA, is required to communicate with those charged with governance. This communication includes discussing the planned scope and timing of the audit. It also involves sharing significant audit findings and certain internal control-related matters identified during the audit.

For a potential Chocolate Bash franchisee, this means that the financial statements have been reviewed by an independent party who is obligated to report important information to those overseeing the company. This process helps ensure transparency and accountability in Chocolate Bash's financial reporting.

The communication between the auditor and those charged with governance is a standard practice in audits, helping to ensure that financial statements are reliable and that any potential issues are identified and addressed appropriately. This provides a level of assurance to franchisees and other stakeholders about the financial health and stability of Chocolate Bash.