With whom are the auditors required to communicate regarding the audit of Counselor Realty?

According to Counselor Realty's 2025 Franchise Disclosure Document, the auditors are required to communicate with those charged with governance. This communication includes discussing the planned scope and timing of the audit. Additionally, the auditors must report any significant audit findings and certain internal control-related matters identified during the audit.

For a prospective Counselor Realty franchisee, this indicates that the company's financial audits are subject to oversight by an independent body responsible for governance. This governance body receives direct communication from the auditors regarding the audit's scope, findings, and any issues related to internal controls.

This communication ensures that those in charge of governance are well-informed about the financial health and internal control environment of Counselor Realty. It also allows them to take appropriate action based on the auditor's findings. As a potential franchisee, understanding this process can provide assurance that the financial statements are rigorously reviewed and that any potential issues are brought to the attention of the appropriate parties.