What is the auditor required to communicate with those charged with governance regarding City Publications?

According to City Publications' 2025 Franchise Disclosure Document, the auditor is required to communicate with those charged with governance on several key aspects of the audit. This communication ensures transparency and accountability in the financial oversight of City Publications.

The auditor must discuss the planned scope and timing of the audit, providing those charged with governance an understanding of the audit's breadth and schedule. This allows for proper planning and resource allocation on the part of City Publications' management.

Additionally, the auditor is obligated to report significant audit findings, which include any material misstatements or irregularities discovered during the audit process. These findings are crucial for those charged with governance to address and rectify any issues within City Publications' financial reporting. The auditor must also communicate certain internal control-related matters identified during the audit. This helps in improving the overall internal control environment of City Publications, reducing the risk of future misstatements or fraud.